Humana Scales Back From Obamacare Exchanges
The health insurer announced it will pull out of nearly 1,200 counties around the country. Meanwhile, despite this news, the company announced better-than-expected earnings.
Humana To Abandon Obamacare Patients In 1,200 U.S. Counties
Humana is the latest health insurer to significantly pull back its participation selling subsidized individual coverage under the Affordable Care Act, announcing plans to scale back next year to “no more than 156 counties” across 11 states. The decision means Humana will reduce its Obamacare geographic presence by nearly 1,200 counties from the 1,351 counties across 19 states where the insurer currently sells individual coverage on exchanges under the health law now. (Japsen, 8/3)
The Wall Street Journal:
Humana’s Earnings Exceed Expectations
Humana Inc. reported better-than-anticipated earnings despite losses related to its Affordable Care Act insurance plans. Chief Financial Officer Brian Kane said the company was seeing “consistently strong operational execution across our core businesses, though challenges in our individual commercial business remain.” (Wilde Mathews and Steele, 8/3)