Healthcare DIVE August 2, 2023
The Louisville, Kentucky-based health insurer now expects to add 825,000 MA members in 2023.
Dive Brief:
- Humana beat Wall Street expectations on earnings and revenue in the second quarter, reporting a topline of $26.7 billion, up 13% year over year, and profit of $959 million, up 38% year over year.
- Rising medical utilization earlier in the quarter appears to have stabilized based on recent claims activity, management said. The payer on Wednesday reiterated 2023 medical loss ratio guidance of between 86.3% and 87.3%.
- Humana also raised its Medicare Advantage membership growth expectations following the quarter. The Louisville, Kentucky-based health insurer now expected to add 825,000 MA members in 2023.
Dive Insight:
Humana’s stock rose following the earnings, which...
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