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Member, Beacon International Group, Ltd.
Humana Inc., one of the largest providers of Medicare Advantage plans, is planning to cut benefits and end some plans by 2025 to improve its financial performance, Newsweek reports. The changes will affect the 6 million Americans insured through Humana's Medicare Advantage plans. The insurer has warned that rising health care costs are putting pressure on its business model, forcing it to reduce benefits and potentially exit some markets.