Humana to exit employer group insurance business

Humana will exit the Employer Group Commercial Medical Products Business over the next 18 to 24 months. 

Advertisement

The company determined after a strategic review that the business “was no longer positioned to sustainably meet the needs of commercial members over the long term or support the company’s long-term strategic plans,” according to a Feb. 23 news release from Humana. 

The decision affects all fully insured, self-funded and federal employee health benefit medical plans, as well as associated wellness and rewards programs. 

Humana said it will focus on its government-funded programs and specialty business lines as well as its CenterWell healthcare services business, according to the release. 

At the Becker's 5th Annual Fall Payer Issues Roundtable, taking place November 2–3 in Chicago, payer executives and healthcare leaders will come together to discuss value-based care, regulatory changes, cost management strategies and innovations shaping the future of payer-provider collaboration. Apply for complimentary registration now.

Register to Attend Webinar

Minding the gaps: Where cancer support breaks down — and what payers can do

Tuesday, July 28
1:00 PM - 2:00 PM CDT

Presenters: David SpanglerRoseleen Charania, MD

Advertisement

Next Up in Payer

Advertisement

Comments are closed.