HealthLeaders Media February 2, 2024
Hospitals and health systems aren’t the only ones dealing with revenue loss from Medicare Advantage (MA).
KEY TAKEAWAYS
– Down $540 million in the fourth quarter of 2023, Humana felt a huge squeeze in their latest earnings report.
– The reason for the loss? MA cost increases.
Humana, the second largest provider of MA plans in the U.S., recently released its Q4 2023 earnings report, and it missed Wall Street’s earnings expectations by a surprising margin.
Even though Humana lowered its profit outlook due to increased spending, it still didn’t perform well. Its CEO, Bruce Broussard, called the results “disappointing” during a call with investors.
Overall, Humana had a net loss of $540 million in the fourth quarter, which is...
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