Forbes February 23, 2023
Humana will exit its “employer group commercial medical products business” over the next 18 to 14 months to focus on government-funded health programs including Medicare and Medicaid.
The business Humana will exit “includes all fully insured, self-funded and Federal Employee Health Benefit medical plans, as well as associated wellness and rewards programs,” Humana announced Thursday. “Financial results for Employer Group Commercial Medical Products will be adjusted for non-GAAP purposes going forward and are not expected to impact the company’s full year 2023 Adjusted earnings per share (EPS) guidance.”
The move makes sense for Humana, which is best known for selling privatized Medicare coverage for seniors. Such coverage, known as Medicare Advantage, is now the choice of more than half of...
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