Fierce Healthcare July 31, 2024
Updated at 3 p.m. on July 31
Humana CFO Susan Diamond told investors on Wednesday that the insurer is likely to lose a “few hundred thousand members” as it adjusts to ongoing pressures in the Medicare Advantage space.
On its earnings call Thursday morning, CEO Jim Rechtin said that Humana identified as it built 2025 MA bids “a set of plans” that weren’t turning a profit, and did not identify a path to make those plans profitable. So it intends to exit those plans, he said.
Additionally, another crop of plans has been identified as turning a slim profit or posting a slim loss, and the insurer does see opportunity to turn those products around, so is finding benefit cuts...
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