Healthcare DIVE July 31, 2024
The insurer culled its plan footprint for 2025 in a bid to recover margins. Now, Humana is giving market watchers loose guidance into how that reduction could affect its enrollment.
Dive Brief:
- Medicare Advantage giant Humana expects to lose a “few hundred thousand” members in its marquee business next year, after seriously shrinking its benefits and exiting markets for 2025 in a bid to boost profits, the insurer disclosed Wednesday.
- It’s the first time Humana has estimated membership losses from culling its plan footprint, and squares with past guesses from market watchers. MA margins should improve as a result, setting Humana on the path to a long-term target of at least 3%, management told investors on a call. Currently,...
Today's Sponsors
Today's Sponsor