( NewsNation) — UnitedHealth will drop several Medicare Advantage plans that collectively cover more than 600,000 people, part of a broader financial reset as the company grapples with rising medical costs.

Stock fell 7% Tuesday as Eden Prairie-based health care giant’s new earnings projections are short of expectations.

Thousands of Rhode Island seniors and disabled residents no longer covered for non-emergency visits at four local hospitals can switch insurance plans ahead of the fall open enrollment period. Gov. Dan McKee and the Rhode Island Office of Healthy Aging announced a two-month special enrollment period for UnitedHealthcare Medicare Advantage patients on Thursday — exactly