Humana reports Individual Medicare Advantage membership 2.86M at Dec 31
Individual Medicare Advantage membership was 2,860,800 as of December 31, 2017, a net increase of 23,200, or 1 percent, from 2,837,600 as of December 31, 2016, and up 11,400, or less than 1 percent, from 2,849,400 as of September 30, 2017. Current membership levels primarily reflect the effect of planned exits from markets and products that were not meeting long-term strategic and financial objectives. Additionally, 2017 membership growth was muted due to competitive actions including the uncertainty associated with the transaction that was pending during last year's Annual Election Period. Group Medicare Advantage membership was 441,400 as of December 31, 2017, a net increase of 86,000, or 24 percent, from 355,400 at December 31, 2016, and up 3,000, or 1 percent, from 438,400 as of September 30, 2017. The year-over-year comparison resulted from the addition of a large account in January 2017. Membership in the company's stand-alone PDP offerings was 5,308,100 as of December 31, 2017, a net increase of 356,700, or 7 percent, from 4,951,400 as of December 31, 2016, and up 17,200, or less than 1 percent, from 5,290,900 as of September 30, 2017. These increases primarily resulted from growth in the company's low-price Humana-Walmart plan offering.