UCare
Company
7
MENTIONS
3
EPISODES
3
PODCASTS
Search complete. 7 mentions across 3 episodes found for "UCare".
Oct 5, 2026
Jeremy StenderHOST
Mm-hmm.
Tim JoppGUEST
Right? And, and what's, what's kinda happening or what's going on, or what's, why all these changes, last year, you know, everybody knows UCare went out of business, and, uh, they lost a lot of money, and they went broke.
Tim JoppGUEST
And a lot of those members went to one company, and this one company basically lost 373 million.
Tim JoppGUEST
Their claims went up 1.7 billion dollars.
Tim JoppGUEST
So they, these companies have to make changes, and the government only allows these insurance companies to make, uh, so many changes, and if they go outside that box and make more changes, they have to cancel their plans and put people in...
Tim JoppGUEST
You know, people have to then pick a new one.
Tim JoppGUEST
So, so the big thing is the UCare thing, and then also the prescription drug, a lot of people don't know this, but the prescription drugs changed from an $8,000 max out-of-pocket to $2,100 this year, and the insurance companies are picking up most of that cost.
Tim JoppGUEST
So those two big things changed, and the, the insurance companies are trying to figure this out.
Jason ManningHOST
And then how about this yahoo? This is from Food twenty-one: Charging documents allege that Peter Milan, I'm gonna go with Peter Milan, fifty years old, of Duluth, fraudgently, uh, fraudulently, easy for you to say, billed more than two point two million dollars in services to Medicaid.
Jason ManningHOST
They say investigators were tipped off by UCare.
Jason ManningHOST
UCare was a nonprofit health plan that offered Medicare, Medicaid, and individual and family plans.
Jason ManningHOST
The documents say the investigation was spurred from a sole complaint by a person that had a short phone conversation with, uh, Milan once.
Jason ManningHOST
That person said they learned that Milan had been billing UCare for additional dates of service that they did not receive.
Jason ManningHOST
You can't do that.
Scott SavageHOST
No, you can't.
Jason ManningHOST
UCare then discovered three more people that said they were billed for services in twenty-twenty-three when they never saw Milan that year.
Dan WeissmannHOST
So, Emily, what the heck happened?
Emily PisacretaHOST
So that local nonprofit insurance company, UCare, they went broke, and all their Medicare Advantage plans got pulled from the market.
Emily PisacretaHOST
Pretty quickly after that, UnitedHealthcare, Aetna, and others sent breakup letters of their own to thousands of their beneficiaries.
Emily PisacretaHOST
Lots of people turned to insurance brokers for help.