Humana 2024 Profits Hit $1.2 Billion As Insurer Leaves Unprofitable Medicare Markets
1. Humana reported $1.2 billion profit for 2024, but Q4 faced $693 million loss. 2. Anticipated drop of 550,000 Medicare Advantage members due to market exits. 3. Benefits expenses surged by $2.5 billion, with adjusted benefit ratio at 91.9%. 4. Total revenue rose to $117 billion, signaling potential market adjustments. 5. Future growth expected in Medicaid and CenterWell primary care expansions.