Unprecedented Medicare Advantage costs drive steep losses for Humana

(By Rylee Wilson for Becker’s Hospital Review)

Humana reported a $541 million loss in the fourth quarter of 2023, facing what executives called an unprecedented increase in Medicare Advantage medical costs.

In prepared remarks published Jan. 25, the company’s leadership said they are “disappointed with the impact of the late and unexpected development of higher trends on our 2023 results and 2024 outlook.” Continue reading here…

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