Healthcare DIVE February 9, 2022
Some smaller and startup Medicare Advantage firms were able to snap up more new members — dashing expectations for larger rivals, including Humana and Cigna — during the most recent annual enrollment period.
Despite recent robust growth in government insurance programs, Humana and Cigna executives said they expect weaker growth in their Medicare Advantage plans for 2022, during recent public remarks.
With a record number of MA plans available to seniors, many shopped their options during the latest annual enrollment period and it created a “retention issue,” Humana CEO Bruce Broussard said Jan. 7 in public comments.
The amount of members jumping to new plans caused Humana, the nation’s second largest MA player, to slash its forecast for...
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