Where the Bread is Really Buttered: Insurers’ Q4 Earnings Reports Show Heavy Reliance on Government Business
…its fourth quarter, after reducing their expectations for Medicare Advantage membership in 2022. Humana executives largely attributed the loss to unexpected COVID-19 costs. They remain undaunted, however, and announced plans to invest $1 billion into expanding its Medicare Advantage business. Competition has increased significantly in this business between large payers and small “insuretechs” that market consumer-friendly technology and user experience,…