February 23, 2023
NONA TEPPER
Humana will leave the commercial health insurance market and focus its efforts on government-sponsored products such as Medicare Advantage, the company announced Thursday.
The insurer will phase out its fully insured, self-funded and Federal Employees Health Benefits Program plans, along with its wellness and rewards offerings, over the next 24 months, according to a news release. This line of business generated more than $4 billion last year, or less than 0.05% of the company’s revenue, a Humana spokesperson wrote in an email.
Read More
