www.forbes.com Open in urlscan Pro
151.101.2.49 Public Scan

Back to summary

Submitted URL:
http://go.pardot.com/e/710433/akes-progress--sh-4f3612932c8c/dvyxz/503000255?h=yUEIopIL_o3wOjlFDEbxbhOBonNKJrGJgmMGFl...
Effective URL:
https://www.forbes.com/sites/brucejapsen/2022/04/27/humana-reports-930-million-profit-as-ceo-plan-to-reboot-medicare-bu...
Submission: On April 28 via api (April 28th 2022, 1:54:59 pm UTC) from US — Scanned from DE

Form analysis
1 forms found in the DOM

<form class="search-modal__form"><input class="search-modal__input" type="text" placeholder="Search" autofocus=""><button class="search-modal__submit" role="button" tabindex="0" title="Submit"><svg class="fs-icon fs-icon--arrow-right"
      xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20">
      <path transform="rotate(-180 8.964 11)" d="M1 10h16v2H1z"></path>
      <path transform="rotate(134.999 14.965 13.124)" d="M11 12.1h8v2h-8z"></path>
      <path transform="rotate(-134.999 14.965 8.877)" d="M11 7.9h8v2h-8z"></path>
    </svg></button></form>

Text Content

Explore

 * Billionaires
   
    * All Billionaires
    * World's Billionaires
      
    * Forbes 400
      
    * America's Richest Self-Made Women
      
    * China's Richest
      
    * India's Richest
      
    * Indonesia's Richest
      
    * Korea's Richest
      
    * Thailand's Richest
      
    * Japan's Richest
      
    * Australia's Richest
      
    * Taiwan's Richest
      
    * Singapore's Richest
      
    * Philippines' Richest
      
    * Hong Kong's Richest
      
    * Malaysia's Richest
      
    * Money & Politics
      
    * 2020 Money
      

 * Innovation
   
    * All Innovation
    * 5G
      
    * AI
      
    * Big Data
      
    * Cloud
      
    * Cloud 100
      
    * COP26
      
    * Cognizant BrandVoice | Paid Program
      
    * Consumer Tech
      
    * Cybersecurity
      
    * Enterprise Tech
      
    * Future Of Work
      
    * Games
      
    * Google Cloud BrandVoice | Paid Program
      
    * Healthcare
      
    * Innovation Rules
      
    * SAP BrandVoice | Paid Program
      
    * Science
      
    * ServiceNow BrandVoice | Paid Program
      
    * Social Media
      
    * Splunk BrandVoice | Paid Program
      
    * Sustainability
      
    * Venture Capital
      
    * Wind River BrandVoice | Paid Program
      

 * Leadership
   
    * All Leadership
    * Careers
      
    * CEO Network
      
    * CFO Network
      
    * CHRO Network
      
    * CIO Network
      
    * CMO Network
      
    * Crowe BrandVoice | Paid Program
      
    * CxO
      
    * Deloitte BrandVoice | Paid Program
      
    * Diversity, Equity & Inclusion
      
    * Education
      
    * Forbes EQ | Paid Program
      
    * Forbes The Culture
      
    * ForbesWomen
      
    * Leadership Strategy
      
    * Under 30
      
    * Working Remote
      
    * Over 50
      

 * Money
   
    * All Money
    * Banking & Insurance
      
    * Crypto & Blockchain
      
    * ETFs & Mutual Funds
      
    * Fintech
      
    * Forbes Digital Assets
      
    * Hedge Funds & Private Equity
      
    * Investing
      
    * Investing Basics | Q.ai
      
    * Markets
      
    * Personal Finance
      
    * Premium Investing Newsletters
      
    * Retirement
      
    * Taxes
      
    * Top Advisor | SHOOK
      
    * Wealth Management
      

 * Business
   
    * All Business
    * Aerospace & Defense
      
    * Energy
      
    * Food & Drink
      
    * Hollywood & Entertainment
      
    * Manufacturing
      
    * Media
      
    * Policy
      
    * Retail
      
    * SportsMoney
      
    * Tableau BrandVoice | Paid Program
      
    * Transportation
      

 * Small Business
   
    * All Small Business
    * Entrepreneurs
      
    * Franchises
      
    * Small Business Strategy
      

 * Lifestyle
   
    * All Lifestyle
    * Arts
      
    * Boats & Planes
      
    * Cars & Bikes
      
    * Dining
      
    * ForbesLife
      
    * Forbes Travel Guide
      
    * Spirits
      
    * Style & Beauty
      
    * Travel
      
    * Vices
      
    * Watches
      

 * Real Estate
   
    * All Real Estate
    * Commercial Real Estate
      
    * Forbes Global Properties
      
    * Residential Real Estate
      

 * Store
   
    * All Store

 * Vetted
   
    * All Vetted
    * Gear
      
    * Health & Wellness
      
    * Home & Kitchen
      
    * Style
      
    * Tech & Electronics
      

 * Coupons
   
    * All Coupons
    * Purple
      
    * Squarespace
      
    * Verizon
      
    * Lululemon
      
    * AT&T
      
    * Lowe's
      
    * Brooks Brothers
      
    * Tory Burch
      
    * Dr Martens
      
    * Dell
      
    * Chewy
      

 * Advisor
   
    * All Advisor
    * The Best Credit Cards Of 2022
      
    * Best Balance Transfer Credit Cards
      
    * Best Cash Back Credit Cards
      
    * Best 0% APR Credit Cards
      
    * Best Travel Credit Cards
      
    * Best Business Credit Cards
      
    * Today's Mortgage Rates
      
    * Today's Refinance Rates
      
    * Best Mortgage Lenders 2022
      
    * Best Crypto Exchange 2022
      
    * Best Life Insurance Companies
      
    * Best Travel Insurance 2022
      
    * Covid-19 Travel Insurance
      
    * Car Insurance Companies
      
    * Cheapest Car Insurance
      
    * Pet Insurance
      
    * Personal Loans
      
    * Debt Consolidation Loans
      
    * Student Loan Refinance
      
    * Business Loans
      
    * Forbes Advisor UK
      
    * Forbes Health
      

 * Wheels
   
    * All Wheels
    * Best Sedans
      
    * Best Luxury SUVs
      
    * Best SUVs
      
    * Best Pickups
      
    * Best Performance Cars
      
    * Best Family Cars
      
    * Best SUVs & Crossovers
      
    * Best Electric Cars
      
    * Best Sports Cars
      
    * Used Cars For Sale Near Me
      
    * New Cars For Sale Near Me
      

 * Lists
   
    * All Lists

 * Video
   
    * All Video

 * Newsletters
   
    * Crypto Confidential
      
    * Editorial Newsletters
      
    * Investing Digest
      
    * Premium Investing Newsletters
      

 * Forbes Magazine
   
    * All Forbes Magazine
    * Forbes Asia
      
    * Free Issue of Forbes
      

 * Latest
   
    * Coronavirus Coverage
      
    * Daily Cover Stories
      
    * Dark Capital
      
    * Editors' Picks
      
    * Visual Web Stories
      

 * Featured
   
    * 4 Steps To Help Your Kids Build Smart Money Habits
      
    * 5 Steps To Jump Start Savings Early In Your Career
      
    * 30 Under 30 2022
      
    * Best-In-State Wealth Advisors
      
    * Best-In-State Women Wealth Advisors
      
    * DNA of Success
      
    * Forbes Billionaires 2022: The Richest People In The World
      
    * NTT DATA BrandVoice | Paid Program
      
    * The Forbes Entrepreneurial CMO List: 2022
      
    * The Investment Guide: Your Life Your Priorities 2022
      
    * The Leukemia & Lymphoma Society BrandVoice | Paid Program
      

 * Advertise with Forbes
 * Report a Security Issue
 * Site Feedback
 * Contact Us
 * Careers at Forbes
 * Tips
 * Corrections
 * Privacy
 * Do Not Sell My Personal Information
 * Terms
 * AdChoices
 * Reprints & Permissions
   © 2022 Forbes Media LLC. All Rights Reserved

Subscribe
Sign In



















BETA
This is a BETA experience. You may opt-out by clicking here


MORE FROM FORBES

Apr 27, 2022,05:10pm EDT
InnovationRx: M&A Deals Are Down; Plus, Is The ‘Pandemic Phase’ Over?
Apr 27, 2022,08:00am EDT
More Disruption, Please
Apr 27, 2022,01:23am EDT
Ground Beef Recall, Over 120,000 Pounds, Due To E. Coli Concerns
Apr 26, 2022,07:21pm EDT
Traffic Safety Signs May Be Hazardous To Your Health
Apr 26, 2022,10:48am EDT
SARS-CoV-2 Infection Causes Cell Fusion In The Lungs, Triggering Inflammation.
Apr 26, 2022,10:30am EDT
The Role Of N Protein Mutant Variants As Determinants Of SARS-CoV-2 Replication
And Pathogenesis
Apr 26, 2022,10:08am EDT
STING-Mediated Innate Immunity: How One Discovery Unlocked New Possibilities

Edit Story

Healthcare


HUMANA REPORTS $930 MILLION PROFIT AS CEO PLAN TO REBOOT MEDICARE BUSINESS
‘MAKES PROGRESS’

Bruce Japsen
Senior Contributor
Opinions expressed by Forbes Contributors are their own.
I write about healthcare business and policy
Apr 27, 2022,08:49am EDT|

 * Share to Facebook
 * Share to Twitter
 * Share to Linkedin



Humana's $1 billion plan to improve its Medicare Advantage business is making
progress, the company ... [+] said April 27, 2022. In this photo, Humana CEO
Bruce Broussard attends 2019 Forbes Healthcare Summit at the Jazz at Lincoln
Center on December 05, 2019 in New York City. (Photo by Steven Ferdman/Getty
Images)

Getty Images

Humana profits hit $930 million in the first quarter, reporting
better-than-expected results in a competitive environment for its Medicare
Advantage business.



The health insurer Wednesday said net income rose 12% to $930 million compared
to $828 million in the first quarter of 2021 that ended March 31. Revenues,
meanwhile, were up 16% to nearly $24 billion compared to $20.7 billion in the
year-ago period.




Humana attributed the first quarter results to a solid performance in its
pharmacy business and lower administrative costs. That figured in the company’s
decision to raise its adjusted earnings-per-share guidance by 50 cents to
“approximately $24.50” from “at least $24.00.”



Humana still expects 2022 membership growth from individual Medicare Advantage
plans of 150,000 to 200,000 members, but company chief executive Bruce Broussard
said the company is “making strong progress” to improve Medicare Advantage
membership growth in 2023. That, he said, includes “work underway with our
distribution partners, and steps we’re taking to improve retention.”




Humana’s total Medicare Advantage enrollment rose 5.2% to 5.1 million by the end
of the first quarter. That membership includes 4.5 million enrolled in
individual Medicare Advantage plans.

Humana is a big player in Medicare Advantage plans contract with the federal
government to provide extra benefits and services to seniors, such as disease
management and nurse help hotlines with some also offering vision, dental care
and wellness programs.

MORE FROMFORBES ADVISOR


BEST TRAVEL INSURANCE COMPANIES

By
Amy Danise
Editor


BEST COVID-19 TRAVEL INSURANCE PLANS

By
Amy Danise
Editor

But Humana surprised investors earlier this year with a disclosure that it would
add fewer individual Medicare Advantage members than an original forecast,
prompting a decision to invest $1 billion in the company’s Medicare offerings to
improve enrollment in 2023.



“The $1 billion value creation initiative we introduced last quarter is
developing as expected, creating capacity to further enhance our Medicare
offerings and expand our healthcare services capabilities,” Broussard said
Wednesday.

PLAY Forbes Innovation Video Settings Full Screen About Connatix V160081 Read
More Read More Read More Read More Read More Read More Twitter Discards Growth
Forecast As It ContendsWith Musk Takeover 1/1 Skip Ad Continue watching after
the ad Visit Advertiser websiteGO TO PAGE



Humana’s investments in Medicare Advantage come during perhaps the most
competitive time in the history of the program due to new plans entering the
business offering seniors an unprecedented number of choices. Established rivals
like UnitedHealth Group, CVS Health’s Aetna health insurance unit are expanding
into new markets while a flurry of startups and smaller health insurers have
entered the business, seeing a market of more than 10,000 Americans a day
turning 65 years old and becoming eligible for Medicare and Medicare Advantage
in particular.


Follow me on Twitter or LinkedIn. Check out my website or some of my other
work here. 
Bruce Japsen



I've written about health care for three decades, starting from my native Iowa
where I covered the presidential campaign bus rides of Bill and Hillary Clinton
through

... Read More



 * Editorial Standards
 * Print
 * Reprints & Permissions



Fauci Says People Should Feel Free To ‘Enjoy The Holidays’ With Family This Year
— Especially If They’re All Vaccinated






Cookies on Forbes
YOUR CHOICES REGARDING COOKIES ON THIS SITE
Please choose whether this site may use cookies or related technologies such as
web beacons, pixel tags, and Flash objects ("Cookies") as described below. You
can learn more about how this site uses cookies and related technologies by
reading our privacy policy linked to below. Your choices on this site will be
applied globally. This means that your settings will be available on other sites
that set your choices globally. You can change your mind and revisit your
preferences at any time by accessing the "Cookie on Forbes" button on the left
side of this site.



While we need to use required cookies to make our site work, we won't set
optional cookies unless you enable them.
WE AND OUR PARTNERS

We and our partners: process personal data such as IP Address, Unique ID,
browsing data for: Informationen auf einem Gerät speichern und/oder abrufen |
Personalisierte Anzeigen, Anzeigenmessung und Erkenntnisse über Zielgruppen |
Personalisierte Inhalte und Inhaltemessung | Produkte entwickeln und verbessern
| Genaue Standortdaten verwenden | Geräteeigenschaften zur Identifikation aktiv
abfragen.

Accept All Choose Cookies
Privacy Statement
Powered by:

www.forbes.com Open in urlscan Pro 151.101.2.49 Public Scan

Form analysis 1 forms found in the DOM

Text Content

www.forbes.com Open in urlscan Pro
151.101.2.49 Public Scan

Form analysis
1 forms found in the DOM