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Minnesota moves to place UCare into rehabilitation amid steep capital erosion

Minnesota moves to place UCare into rehabilitation amid steep capital erosion


According to the petition for rehabilitation, UCare’s capital and surplus fell 47.5% in 2024, from $1.05 billion to $551.6 million as of Dec. 31. By June 30, capital and surplus had declined a further 26.7% to $404.2 million, with risk-based capital figures and some other financial details redacted in the filing.



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