Humana revises FY19 Medicare Advantage members to 375,000-400,000

Based on final annual enrollment period results, the company is revising its net membership growth estimate for its individual Medicare Advantage products for the year ended December 31, 2019 to 375,000 to 400,000 members, compared to its previous estimate of 350,000 to 400,000 members. The revised membership estimate represents expected net membership gains of 12%-13% above the year ended December 31, 2018 membership level of approximately 3.07M members. The company also reiterates its expectations for group Medicare Advantage net membership gains for the same period, projecting an increase of approximately 30,000 members year over year. The membership estimate represents an expected net membership gain of 6% above the year ended December 31, 2018 membership level of approximately 500,000 members. For PDP, the company now estimates a net membership decline of 700,000 to 750,000 members for the year ended December 31, 2019, compared to its previous estimate of a decline of 750,000 to 800,000 members. The membership estimate represents a decline of 14%-15% below the year ended December 31, 2018 membership level of approximately 5M members. The revised estimate is primarily attributable to improved retention estimates.

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