Healthcare Finance News August 3, 2023
Earnings reached $956 million, revenues came in at $26.7 billion and the insurer expects continued growth in MA and Medicaid.
Due in part to “better-than-expected” membership growth in Medicare Advantage, insurer Humana announced in its quarterly earnings call this week that it had logged a strong second quarter, collecting earnings of about $956 million, a 37.8% increase over the $697 million it earned during the same period last year.
Revenue also showed a 13% improvement over Q2 2022, hitting $26.7 billion for the quarter. President and CEO Bruce Broussard said this figure outperformed market estimates.
WHAT’S THE IMPACT
Humana’s Medicare Advantage numbers were somewhat surprising given the company’s initial expectations. The insurer now expects that 2023 MA numbers will see...
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