“Humana halves 2022 Medicare Advantage enrollment outlook,” by Jeff Lagasse, Healthcare Finance
Quote:
“Major health insurer Humana is drastically reducing its Medicare Advantage enrollment estimates for 2022 due to a large number of terminations during the last enrollment period, revealing in a new filing with the Securities and Exchange Commission that the former projection of between 325,000 and 375,000 new MA members has been slashed to between 150,000 and 200,000 new members. Humana also expects group MA membership to be generally flat throughout this year, as it doesn’t anticipate any large accounts will be gained or lost. … At a Goldman Sachs conference Thursday, Humana CEO Bruce Broussard said aggressive pricing from marketplace rivals, which is likely unsustainable, played a role in the new projections, which will cause the company to focus more on business-wide profitability rather than margins in the individual Medicare business.”
LTC Comment, Stephen A. Moses, President, Center for Long-Term Care Reform:
Free market competition at work?
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