UNH · 10-Q · 2026Q3 · Full report

UnitedHealthcare Membership Contraction

UNITEDHEALTH GROUP INC · 2026-11-03 · Importance 49 · Surprise 32

UnitedHealthcare served 1.8 million fewer people year over year, with total medical membership down 4% to 48.3 million at September 30, 2026. Commercial risk-based membership fell 10% to 7.575 million, Medicare Advantage fell 10% to 7.605 million, and Medicaid fell 10% to 6.695 million. Fee-based commercial membership grew, partially offsetting those declines; the filing cites benefit design and pricing actions, reduced Medicaid eligibility and the exit from one state as drivers.

Key facts

• UnitedHealthcare served 1.8 million fewer people in the third quarter of 2026 because of benefit-design and pricing actions, reduced Medicaid eligibility and the exit from one state. source