Forbes July 31, 2019
Against the backdrop of the political debate over whether the U.S. government should administer Medicare for all Americans, health insurance companies are reporting record growth in their privately run Medicare Advantage businesses.
On Wednesday, Humana increased its full-year projections for Medicare Advantage growth to a “range of 480,000 to 500,00 members,” or 16% growth for 2019. That compares to a previous range of 415,000 to 440,000, the insurer reported.
Humana is the latest health insurer to tout solid profits thanks in part to seniors flocking to Medicare Advantage. Centene, WellCare Health Plans, UnitedHealth Group and Anthem have already reported record Medicare Advantage enrollment as well and Cigna will release its updated second-quarter figures on Thursday.
Medicare Advantage plans contract with...
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