Becker's Healthcare January 31, 2024
Increasing Medicare Advantage spending could be a bright spot for hospitals’ finances.
Spikes in Medicare Advantage utilization have put pressure on payers’ margins, however. Humana, the second-largest Medicare Advantage insurer, posted a $541 million loss in the fourth quarter of 2023, driven by what executives called unprecedented increases in Medicare Advantage spending.
Nashville, Tenn.-based HCA Healthcare reported 10% growth in Medicare Advantage admissions in the fourth quarter. The rise is consistent with growth the system has seen through the year, CFO Bill Rutherford told investors on a Jan. 30 call transcribed by Seeking Alpha.
The growth in MA admissions is likely due to more beneficiaries switching from fee-for-service Medicare to MA, growth in HCA’s volume and a...
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