Quality ratings hit to key Medicare plan shakes Humana stock
2 months, 3 weeks ago

Quality ratings hit to key Medicare plan shakes Humana stock

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ /verifyErrors }} Shares of Humana tumbled Wednesday after the health insurer said a Medicare Advantage quality rating drop will hurt future bonus payments the company receives. That ratings drop could equate to a $1.9 billion revenue hit in 2026 before Humana does anything to offset the blow, Leerink Partners analyst Whit Mayo said in a research note. BTIG analyst David Larsen said in a separate note that Humana's ratings were disappointing given that Medicare Advantage plans already are dealing with challenges like higher claims cost and more inpatient hospital visits.

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History of this topic

"Shocking": Experts warn "irresponsible" Project 2025 Medicare proposal would harm seniors
3 months, 3 weeks ago

"Shocking": Experts warn "irresponsible" Project 2025 Medicare proposal would harm seniors

Salon  

Something still haunts Ed Weisbart, MD, from his days in the health insurance business. "It's kind of shocking, when it comes to how irresponsible it is," Andrea Ducas, vice president of health policy at the Center for American Progress, told Salon of Project’s 2025 proposed change to Medicare. Medicare Advantage beneficiaries are often limited to a smaller provider network, deal …

Humana warns that rising care costs will persist through 2024, surprises Wall Street with forecast
10 months, 4 weeks ago

Humana warns that rising care costs will persist through 2024, surprises Wall Street with forecast

Associated Press  

Humana still doesn’t know why more people were admitted for short hospital stays than it expected late last year, and that is casting a shadow over health insurers early in 2024. But Humana executives told analysts Thursday that the jump in costs they saw in November and December for Medicare Advantage customers wasn’t tied to respiratory illnesses like the flu …

Late-year medical costs spike forces Humana to scale back profit expectations for 2023
11 months ago

Late-year medical costs spike forces Humana to scale back profit expectations for 2023

Associated Press  

Shares of Humana tumbled Thursday after the health insurer said it was dealing with higher-than-expected costs from its Medicare Advantage customers, forcing it to chop profit expectations. Humana is one of the nation’s largest providers of Medicare Advantage plans, which are privately run versions of the federal government’s Medicare program mostly for people age 65 and older. For the new …

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