UCare is closing, and Medica is taking control of healthcare plans.
UCare Health Insurance Company Closure: What We Know UCare is set to shut down in 2026, with Medica taking over the management of existing health plans in the Medicaid, family, and individual markets. Established over four decades ago, UCare primarily served low-income policyholders relying on Medicaid, but it has faced challenges with escalating healthcare costs […]
Big medical expenses drove $176 million operating loss last year at Medica – Star Tribune
Financial Performance will not turn on DIME this year, she said. This is because the cycle of profit and failure for nonprofits can usually be played over several years. However, Dusil said Medica officials are confident in their new multi-year strategy. “We’re not maximizing shareholder revenue,” she said. “The goal is simple: have a sustainable […]