How insurance coverage upstart Alignment stored medical prices in examine whereas Medicare Benefit plans struggled – Endpoints Information

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Excessive med­ical prices ate away on the prof­its of massive Medicare Advert­van­tage in­sur­ers CVS Well being and Hu­mana within the first quar­ter of 2024, however up­begin in­sur­er Align­ment Well being got here away giant­ly in­tact.

Cal­i­for­nia-based Align­ment, which pri­mar­i­ly serves se­niors en­rolled within the pri­vate al­ter­na­tive to the tra­di­tion­al Medicare professional­gram, mentioned its mem­ber­ship soared by greater than 50% within the first three months of the yr over the identical time in 2023. De­spite the in­flux of latest mem­bers, Align­ment man­aged to maintain its mem­bers’ med­ical spend­ing in examine. Align­ment’s shares jumped 26% on Fri­day af­ter it re­port­ed its re­sults Thurs­day night.

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