Healthcare Finance News January 7, 2022
CEO says aggressive pricing from marketplace rivals have played a role in the new projections, shifting the focus to business-wide profitability.
Major health insurer Humana is drastically reducing its Medicare Advantage enrollment estimates for 2022 due to a large number of terminations during the last enrollment period, revealing in a new filing with the Securities and Exchange Commission that the former projection of between 325,000 and 375,000 new MA members has been slashed to between 150,000 and 200,000 new members.
Humana also expects group MA membership to be generally flat throughout this year, as it doesn’t anticipate any large accounts will be gained or lost.
According to Bloomberg, the news caused Humana shares to plunge on Thursday, which dragged down...
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