Forbes April 29, 2020
Humana’s Medicare Advantage enrollment continues to grow as the coronavirus strain COVID-19 tests the health insurer’s effort to address social determinants of health for its elderly membership.
Humana Wednesday reported first quarter net income of $473 million as the company continued to add new enrollment in its Medicare Advantage plans for seniors. Humana’s revenues were up nearly 18% to $18.9 billion thanks to more seniors choosing its private Medicare Advantage plans.
As of the end of the company’s first quarter, Humana said individual Medicare Advantage enrollment was 3.8 million, or up 12% from 3.4 million at the end of last year’s first quarter. Enrollment was up 7%, or 250,900 when compared to Dec. 31, 2019 figure of 3.58 million.
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