According to the article “Humana Profit Rises 65% Despite Commercial Falloff” by The Associated Press on the NYTimes.com, Humana One posted a significant profit because of an increase in membership and premiums from Medicare Advantage.
Humana’s quarterly revenue increased by 8% as enrollment rose 11% from last year in its Medicare Advantage. Enrollment in its plans sold to employers dropped by 7.6% from a year ago. This contributed to a pretax loss in their commercial segment. Many health insurance companies are suffering as employer-sponsored health coverage plans drop because of layoffs and companies going out of business. In October, the 3 largest publicly traded health insurers, incliding United Health Group, WellPoint and Aetna, reported 3rd quarter results which were below expectations.
Humana says it spent approximately $5 million on swine flu related costs in the 3rd quarter. The chief financial officer said the company expected a heavier swine flu season for the 4th quarter. Now more than ever it’s crucial to ensure you have proper health insurance coverage. You can get Humana insurance quotes online to see if you can save some money and get insured.
According to the article “Humana Profit Rises 65% Despite Commercial Falloff” by The Associated Press on the NYTimes.com, Humana One posted a significant profit because of an increase in membership and premiums from Medicare Advantage.
Humana’s quarterly revenue increased by 8% as enrollment rose 11% from last year in its Medicare Advantage. Enrollment in its plans sold to employers dropped by 7.6% from a year ago. This contributed to a pretax loss in their commercial segment. Many health insurance companies are suffering as employer-sponsored health coverage plans drop because of layoffs and companies going out of business. In October, the 3 largest publicly traded health insurers, incliding United Health Group, WellPoint and Aetna, reported 3rd quarter results which were below expectations.
Humana says it spent approximately $5 million on swine flu related costs in the 3rd quarter. The chief financial officer said the company expected a heavier swine flu season for the 4th quarter. Now more than ever it’s crucial to ensure you have proper health insurance coverage. You can get Humana insurance quotes online to see if you can save some money and get insured.