Humana said it would be ending some plans and cutting benefits for patients in 2025.
Millions of Americans on Humana's Medicare Advantage plans could see their health care benefits cut after the company makes major profit-boosting adjustments to its plans.Humana said it would be ending some plans and cutting benefits for patients in 2025 as it hopes to boost its financial performance. Altogether, 6 million Americans are insured through Humana's Medicare Advantage.
'We are anticipating that membership declines for 2025 largely because we do intend to exit certain plans in counties,' chief financial officer Susan Diamond said.UnitedHealth has also struggled amid dwindling Medicare Advantage profits.'Our strategy continues to focus on providing as much stability as possible in the reduced funding environment,' UnitedHealth CEO Andrew Witty said during last month's investor call.
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