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Alignment plans to boost Medicare Advantage benefits after Q2 loss

Encompass Health profits decline amid high costs

The Medicare Advantage industry at large may be cutting benefits and increasing premiums to account for higher-than-anticipated medical expenses, but Alignment Healthcare CEO John Kao said the company plans to take the opposite tack.

The insurance company plans to capitalize on rival carriers cutting supplemental benefits and capture market share by enhancing benefits in 2024 despite reporting a rise in Medicare Advantage members’…


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