Forbes February 2, 2022
Humana said it will spend $1 billion to “fund growth and investment” in its Medicare Advantage business following a disclosure the health insurer would add fewer seniors to such plans than expected for 2022.
The announcement came Wednesday as part of the health insurer’s fourth quarter 2021 earnings report that showed a $60 million loss, which was narrower than the year-ago period’s $458 million loss. Revenues grew 10% to $21 billion compared to $19 billion in the year-ago period.
Humana is a big player in Medicare Advantage plans that contract with the federal government to provide extra benefits and services to seniors, such as disease management and nurse help hotlines with some also offering vision, dental care and wellness programs.
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