Becker's Healthcare November 1, 2023
An increase in COVID-19 inpatient admissions is one factor driving higher utilization rates in Medicare Advantage, Humana executives said.
The company published its third-quarter results Nov. 1, reporting an uptick in its benefits cost ratio in its insurance segment, up 1.9 percentage points year over year. In its earnings report, the company said Medicare Advantage utilization rates were “modestly higher than anticipated.”
The company expects its benefits cost ratio to reach 89.5% in the fourth quarter, up from 87.6% in the third quarter.
“We continue to experience an increase in COVID admissions...
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