Home Health Care News September 9, 2024
Humana Inc. (NYSE: HUM) will be exiting 13 Medicare Advantage (MA) markets in 2025, company leaders said during the Wells Fargo Healthcare Conference. The company had already announced that it was planning to leave markets next year, but offered up more specifics last week.
Humana CFO Susan Diamond said the company’s exit from those 13 markets would affect about 560,000 members, or around 10% of its individual MA membership base. Diamond did say, however, that she expects many of those members to join other Humana MA plans.
“The exit itself is positive in the sense that those plans were not contributing,” Diamond said at the conference. “If we do ultimately retain more of those members, that’s incrementally positive because the...
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