Second-Largest Medicare Advantage Insurer Prepares to Lose Over 200K People [Video]

The second-largest Medicare Advantage insurer is preparing to lose several hundred thousand members next year as Medicare Advantage benefits shrink under higher prices.

Louisville, Kentucky-based Humana said it expects to lose the patients as it limits the benefits available and leaves several markets in 2025. The insurance company is making the changes in hopes to increase its profits as the government increases costs.

“Medicare Advantage is seeing a scaling back from many private insurers, mainly because providers found seniors on it were using more of their Medicare benefits than anticipated,” Alex Beene, a financial literacy instructor for the University of Tennessee at Martin, told Newsweek. “This led to a dip in profits for providers like Humana, and now they’re looking to cut ties in any way they can to boost their bottom line.”