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Humana to Record 2016 Obamacare Shortfall, Membership Drops

buck

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Humana to Record 2016 Obamacare Shortfall, Membership Drops - Bloomberg Business

Humana Inc. is the latest insurer to run into trouble in Obamacare’s individual health-insurance markets.The health insurer said that it probably won’t collect enough money to cover costs for some customers who bought individual plans, and will set aside what’s known as a premium deficiency reserve. The shortfall is for 2016 plans that comply with new rules under the Affordable Care Act, Louisville, Kentucky-based Humana said Friday.

“We expect Humana will exit Health Insurance Exchange marketplaces in 2017 in light of this data and focus on its Medicare Advantage book of business,” Ana Gupte, an analyst with Leerink Partners, said in a note to clients Friday. Medicare Advantage is the private-sector version of the U.S. program for the elderly.

Not a good sign.

Another poor sign for Obamacare, the large insurance companies leaving AHIP. They feel the organization has become little more than a mouthpiece of the Obama admin and Obamacare.
 
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