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Humana Inc. will exit the employer-based insurance business over the next 18 to 24 months, to focus primarily on government-backed programs such as Medicare and its specialty businesses, the insurer announced Feb. 23, Reuters reports. In 2021, the last full year for which the company broke out revenues for its group and specialty segment, the Kentucky-based insurer’s group health business generated revenue of just under $7 billion, less than 10% of the total revenue of $83 billion.
1. Hackers leak stolen data from Change Healthcare on dark web
2. UnitedHealth estimates $1.6 billion loss from Change cyberattack
3. UnitedHealth reports significant data breach; personal health info compromised
4. Ex-NBA player Will Bynum sentenced in insurance fraud scandal
5. Illinois House passes governor’s 'Healthcare Protection Act’
6. Analyst says Cigna, Humana share prices could put merger back on the table