Modern Healthcare May 1, 2019
Louisville, Ky.-based insurer Humana reported higher revenue and profit in the first quarter of 2019 as it experienced explosive growth in its individual Medicare Advantage plans during the latest annual open-enrollment period.
So it’s no surprise that Humana CEO Bruce Broussard talked up the privatized Medicare Advantage program during the company’s Wednesday conference call with investment analysts, just a day after U.S. House of Representatives members held a first-ever congressional hearing on Medicare for All. Some single-payer proposals would eliminate private insurance for almost all medical care.
Broussard told analysts that seniors who opt for a Medicare Advantage plan over traditional Medicare receive a higher level of benefits, better quality and improved outcomes while the program lowers the cost to...
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