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Medicare Advantage ( Medicare Part C, MA) is a type of health plan offered by Medicare-approved private companies that must follow rules set by Medicare. Most Medicare Advantage Plans include drug coverage (Part D). Under Part C, Medicare pays a sponsor a fixed payment. The sponsor then pays for the health care expenses of enrollees.
Medicare payments to the plans will total $27 billion more in 2023 than if patients were enrolled in traditional Medicare, the report projected. A new enrollment period for the plans began this month.
Humana's benefit-expense ratio, or the percentage of payout on claims compared to its premiums, rose to 86.4% in the third quarter, from 85.3% a year ago. Analysts were expecting a ratio of 86.7% ...
Medicare Advantage plans may look less enticing to their 31 million beneficiaries next year. ... Humana, the second-largest Medicare Advantage insurer, recently sharply cut its earnings-per-share ...
On April 16, 2010, Cigna announced an alliance with Humana group to offer a streamlined Medicare Advantage offering through employer clients for retirees. [54] In November 2023, Reuters reported that Cigna and Humana were in talk to merge, in a deal totalling $60 billion. [55] In December 2023, The Wall Street Journal reported that merger talks ...
Humana. Humana Inc. is a for-profit American health insurance company based in Louisville, Kentucky. In 2023, the company ranked 42 on the Fortune 500 list, [ 2] which made it the highest ranked (by revenues) company based in Kentucky. It is the fourth largest health insurance provider in the U.S. [ 3]