Humana exits employer insurance, pivots focus to government plans

Healthcare DIVE February 24, 2023
Samantha Liss

Dive Brief:

Humana is planning to exit the employer insurance business as it pivots to solely focus on government-sponsored health programs like Medicaid and Medicare.
That means Humana will no longer offer commercial health insurance plans to employers looking to extend health coverage to their workforce, including through self-funded and fully insured plans.
Humana will wind down its commercial business over the next 18 to 24 months, the company said Thursday.

Dive Insight:

After launching a review of its business, Humana said the employer segment no longer meets the company’s long-term strategic plans.

The pivot will allow Humana to focus on the “greatest opportunities for growth,” CEO Bruce Broussard said in Thursday’s statement.

Medicare can be a lucrative...