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Humana sees 2014 membership growth as Obamacare sales surge

Chicago Tribune / Reuters, May 8, 2014
Managed care company Humana Inc said on Wednesday it expects revenue to grow this year as it adds hundreds of thousands of new customers to its Obamacare plans, despite government funding cuts to its largest business, Medicare Advantage for seniors. Humana stood by its forecast for a decline in profit this year, however, saying that it was still not sure about the health costs of the new individual customers or how much it will charge for premium prices in 2015 and 2016. The company said it expects government payments this year of $575 million to $775 million in 2014 to offset its outsized risk on the new clients who signed up under President Barack Obama's healthcare law. Many of them were previously uninsured.