Humana to exit employer group industrial medical merchandise enterprise
-Commercial-
Humana has introduced that it’s exiting the Employer Group’s industrial medical gadget enterprise, which incorporates all totally insured, self-funded, and state worker medical insurance plans, in addition to related wellness and rewards applications.
-Commercial-
No different Humana well being plan choices will likely be materially impacted, the corporate mentioned. Humana mentioned it stays dedicated to the long-term development of its core insurance coverage traces, together with Medicare Benefit, Group Medicare, Medicare Complement, Medicare prescription drug plans, Medicaid, navy and specialty insurance coverage, and the well being companies enterprise CenterWell.
Humana mentioned a strategic assessment concluded that the Employers Group’s industrial medical units enterprise “is now not capable of sustainably meet the wants of its industrial members over the long run or help the corporate’s long-term strategic plans.”
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Humana’s exit from the enterprise will likely be gradual over the subsequent 18 to 24 months. The corporate mentioned it’s dedicated to making sure a clean transition of companies for members and industrial clients.
“This resolution permits Humana to focus sources on our best development alternatives and the place we will present industry-leading worth for our members and clients,” mentioned Bruce D. Broussard, President and CEO of Humana. “It’s in step with the Firm’s technique to focus our healthcare plan providing totally on federally funded applications (Medicare, Medicaid and Navy) and specialty enterprise, whereas increasing our management place in built-in value-based care and increasing our capabilities in CenterWell healthcare companies. We imagine in Humana’s continued success, and our dedication to bettering the well being of these we serve is unwavering.”
Humana is likely one of the 10 largest well being insurers within the nation.
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2023-02-24 09:00:00
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