Workweek February 28, 2023
Alright so it’s not really an Irish exit…but over the next 18 to 24 months, Humana will call it quits on the employer group insurance business altogether. The segment includes all “fully insured, self funded, and Federal Employee Health Benefit Medical plans.”
Context: Medicare Advantage (and services) are the main engines of growth for the managed care titans these days. The commercial segment is flat to stagnant as the secular shift of healthcare occurs and the population continues to age into Medicare. One in 5 U.S. residents will reach 65 by 2030. To that end, Humana has decided to go all in on MA and the most recent decision to exit commercial altogether makes sense.
Take a look at Humana’s...
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