Humana has introduced that it’s going to exit the employer group business medical merchandise enterprise, which incorporates all absolutely insured, self-funded and federal worker well being profit medical plans, in addition to related wellness and rewards packages.
No different Humana well being plan choices might be materially affected, the corporate stated. Humana stated that it stays dedicated to the long-term progress of its core insurance coverage strains of enterprise, together with Medicare Advantage, group Medicare, Medicare Supplement, Medicare prescription drug plans, Medicaid, navy and specialty, and its MiddleWell healthcare providers enterprise.
Humana stated {that a} strategic evaluation decided that the employer group business medical merchandise enterprise was “no longer positioned to sustainably meet the needs of commercial members over the long term or support the company’s long-term strategic plans.”
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Humana’s exit from the enterprise might be phased in over the following 18 to 24 months. The firm stated it’s dedicated to making sure a easy transition of providers for members and business prospects.
“This decision enables Humana to focus resources on our greatest opportunities for growth and where we can deliver industry-leading value for our members and customers,” stated Bruce D. Broussard, president and CEO of Humana. “It is in line with the company’s strategy to focus our health plan offerings primarily on government-funded programs (Medicare, Medicaid and military) and specialty business, while advancing our leadership position in integrated value-based care and expanding our CenterWell healthcare services capabilities. We are confident in Humana’s continued success, and our commitment to improving the health of those we serve is unwavering.”
Humana is without doubt one of the 10 largest medical insurance suppliers within the nation.
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