Forbes February 11, 2025
Humana Tuesday reported $1.2 billion in 2024 profits that included a $693 million fourth quarter loss as the health insurer exits unprofitable Medicare Advantage markets for 2025.
Medicare Advantage plans, which are a big share of Humana’s business, contract with the federal government to provide extra benefits and services to seniors, such as disease management and nurse help hotlines with some also offering vision, dental care and wellness programs.
But Humana and rival operators of Medicare Advantage plans were hit hard last year with higher costs in part due to seniors who put off getting medical care during the Covid-19 pandemic and have been returning for treatments. Hospitalizations, in particular, have been on the rise, these insurers have been saying...
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