As you may know, Humana is leaving the individual side of the health care business under the ACA next year, but that doesn’t mean they’re shutting down. Humana is shifting its focus to Medicare Advantage and expanding its primary care and home care business.
Yesterday, Humana raised its earnings-per-share by 30 cents (now $11.50). As profits rose by nearly half a billion dollars, CEO Bruce Broussard said, “We have a good feeling going into 2018.” This is huge for the company as earlier this year, Humana and Aetna attempted and failed to merge companies thanks to a block from the Federal Court.
Humana declares that nearly 35% of their beneficiaries are enrolled in Medicare Advantage plans. Now the carrier predicts that 74% of their Medicare Advantage beneficiaries will be enrolled in “four-star plans or higher” in 2018 (ratings are based on preventative care and waiting times).
Humana’s Medicare Advantage success is allowing them to offer top-of-the-line benefits for 2018, improving their overall business and YOUR chance of closing sales.
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