Humana has introduced that it’ll exit the employer group industrial 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 mentioned. Humana mentioned that it stays dedicated to the long-term development of its core insurance coverage traces of enterprise, together with Medicare Benefit, group Medicare, Medicare Complement, Medicare prescription drug plans, Medicaid, navy and specialty, and its CenterWell healthcare companies enterprise.
Humana mentioned {that a} strategic overview decided that the employer group industrial medical merchandise enterprise was “now not positioned to sustainably meet the wants of economic members over the long run or assist the corporate’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 corporate mentioned it’s dedicated to making sure a easy transition of companies for members and industrial clients.
“This choice permits Humana to focus assets on our best alternatives for development and the place we will ship industry-leading worth for our members and clients,” mentioned Bruce D. Broussard, president and CEO of Humana. “It’s consistent with the corporate’s technique to focus our well being plan choices totally on government-funded packages (Medicare, Medicaid and navy) and specialty enterprise, whereas advancing our management place in built-in value-based care and increasing our CenterWell healthcare companies capabilities. We’re assured in Humana’s continued success, and our dedication to bettering the well being of these we serve is unwavering.”
Humana is without doubt one of the 10 largest medical insurance suppliers within the nation.
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