Healthcare Finance News April 26, 2024
“We expect benefit levels, planned stability and choice for seniors to be negatively impacted by the final MA rate notice,” says CEO Bruce Broussard.
Humana, one of the biggest players in the Medicare Advantage market, raised its 2024 individual Medicare Advantage annual membership growth by 50,000 to now anticipate annual growth of approximately 150,000, or 2.8%, the company said this week during its Q1 earnings report.
However, Humana expects membership may take a hit from future Medicare Advantage pricing resulting from the Centers for Medicare and Medicaid Services payment rate notice released earlier this month.
Because of the lower-than-expected payment and benchmark rates, Humana is actively evaluating plan level pricing decisions and the expected impact to membership, president and COO...
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