Memorial Hermann Health System’s decision to close its Medicare Advantage plan at year’s end comes as many healthcare providers and insurers struggle with financial and regulatory challenges, experts said.
Houston’s largest health system announced last month that it will stop offering its private insurance alternative to Medicare beginning in 2027. The Memorial Hermann plan has more than 14,000 members as of this month, according to data from the Centers for Medicare and Medicaid Services.
Memorial Hermann pointed to a variety of reasons for its decision, including intensifying competition in the market and uncertainty around changing federal regulations…