Providence Health Plan to Exit All Lines of Business After Medicare Advantage Sale Collapses

Providence Health Plan will shut down operations entirely after a proposed sale of its Medicare Advantage business to an unnamed national insurer fell through. The regional health plan had been pursuing the transaction to sustain its MA lines, but the deal collapsed "despite significant effort on all sides," according to a Providence spokesperson. The closure will affect all plan lines, not just Medicare Advantage. The timeline for wind-down and member transitions was not disclosed in available reporting.