From Cigna quashing merger speculation to naming a new CFO, here are 10 updates on Humana that Becker's has reported since Oct. 30:
1. Georgia will award Medicaid contracts to four Medicaid managed care organizations, including Humana.
2. Humana CFO Susan Diamond is stepping down after 18 years with the insurer. Celeste Mellet, the CFO of Global Infrastructure Partners, an investment fund, will be Humana's next CFO.
3. Humana misrepresented the providers its Medicare Advantage plans will be in-network with in 2025, Minnesota Attorney General Keith Ellison alleged.
4. Humana named Michelle O'Hara as chief human resources officer.
5. Cigna directly confirmed that it is not pursuing a merger with Humana.
6. Humana had a medical cost ratio of 89.9% in the third quarter of 2024.
7. Humana had the fifth-highest profit among large payers in the third quarter of 2024.
8. Humana is upping its investments in its Medicare Advantage star ratings performance, CEO Jim Rechtin said on the company's third quarter earnings call.
9. Humana saw stable inpatient trends in the second and third quarters of 2024, according to CEO Jim Rechtin.
10. Humana reported $480 million in net income in the third quarter of 2024, down 42% since the same period last year.