Humana to exit employer health plan market, focus on government programs

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.