Humana Reduces Exchange Offerings, Ends Off-Exchange ACA Plans

Humana on Thursday announced that due to continued challenges in the individual marketplace it will drastically reduce its exchange presence in 2017 and exit “substantially all” ACA-compliant, off-exchange markets. Humana previously said it would scale-back its involvement in exchanges for 2017, and the verification comes the same day the Department of Justice filed suit to block the company's planned merger with Aetna. The issuer said in an update of its second quarter earning guidance that it has proposed significant rate...