Humana Inc. on Feb. 23 said it will exit the commercial insurance business and focus exclusively on government books of business, cutting its membership rolls by about 8%. This includes all of the insurer’s fully insured, self-funded and Federal Employee Health Benefit plans (FEHBP). Humana currently covers 574,500 members in full-risk commercial products, 438,600 self-funded members and 20,008 FEHBP members. The move will not affect Humana’s TRICARE contract, which serves more than 5.9 million lives on a self-funded basis.
Source: AIS’s Directory of Health Plans