Senate Proposes Deeper Medicaid Cuts, Sparing Medicare Advantage Insurers
Senate Republicans have proposed more aggressive Medicaid cuts targeting low-income and disabled populations than those previously passed by the House, aiming to offset costs linked to the tax reform package. The Senate chose not to pursue similar cuts in Medicare, the federal program providing coverage for those over 65 and the disabled. This decision benefits major Medicare Advantage insurers such as Humana Inc. and UnitedHealth Group Inc., as it preserves revenue streams in this growing insurance market segment.