Becker's Healthcare November 1, 2023
Humana reported a 30% decline in net income year over year in the third quarter of 2023.
The company reported $832 million in net income in the third quarter in its earnings report published Nov. 1, down from $1.2 billion in the same time period in 2022.
Total revenue in the third quarter was $26.4 billion, up 16% year over year.
The results reflect “modestly higher than anticipated” utilization in the company’s Medicare Advantage business, and outperformance in its Medicaid and primary care business, the company said in a Nov. 1 news release.
Humana’s medical loss ratio in its insurance...
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