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Humana to exit employer group industrial medical merchandise enterprise

Humana to exit employer group commercial medical products business

Humana has introduced that it’s going to exit the employer group industrial medical merchandise enterprise, which incorporates all totally insured, self-funded and federal worker well being profit medical plans, in addition to related wellness and rewards packages.

No different Humana well being plan choices shall be materially affected, the corporate mentioned. Humana mentioned that it stays dedicated to the long-term progress of its core insurance coverage traces of enterprise, together with Medicare Benefit, group Medicare, Medicare Complement, Medicare prescription drug plans, Medicaid, army and specialty, and its CenterWell healthcare companies enterprise.

Humana mentioned {that a} strategic assessment decided that the employer group industrial medical merchandise enterprise was “now not positioned to sustainably meet the wants of business members over the long run or assist the corporate’s long-term strategic plans.”

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Humana’s exit from the enterprise shall be phased in over the subsequent 18 to 24 months. The corporate mentioned it’s dedicated to making sure a clean transition of companies for members and industrial clients.

“This resolution allows Humana to focus assets on our biggest alternatives for progress and the place we are able to ship industry-leading worth for our members and clients,” mentioned Bruce D. Broussard, president and CEO of Humana. “It’s consistent with the corporate’s technique to focus our well being plan choices totally on government-funded packages (Medicare, Medicaid and army) and specialty enterprise, whereas advancing our management place in built-in value-based care and increasing our CenterWell healthcare companies capabilities. We’re assured in Humana’s continued success, and our dedication to enhancing the well being of these we serve is unwavering.”

Humana is likely one of the 10 largest medical health insurance suppliers within the nation.

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