Fierce Healthcare November 1, 2023
Humana expects to add 35,000 more members to its Medicare Advantage (MA) plans and grow by 19% in 2023 to reach approximately 860,000 members, an increase of about 85,000 more members than projected during the first quarter, executives said Wednesday during a third-quarter earnings call.
The health payer giant recorded a third-quarter earnings per share of $6.71 on a GAAP basis and an adjusted earnings per share (EPS) of $7.78, beating market estimates of $7.15 per share, citing performance in its Medicaid and primary care businesses. The company’s adjusted EPS was $1.28 lower than the previous quarter.
Total profit for the third quarter was $832 million, down from $1.2 billion in the prioryear quarter. Through three quarters, Humana has earned...
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