Industry
Humana Raises 2026 Outlook, Reports Medicaid Growth to 13 States
Humana reported third-quarter net income of $162 million, down from $195 million a year earlier, and raised its full-year 2026 adjusted EPS guidance to at least $9.50, up from at least $9.00, the company said Nov. 6. Total Medicare membership reached 11.2 million as of Sept. 30, up from 8.3 million, while the medical loss ratio rose to 93.9% from 91.1% amid star ratings revenue headwinds. CEO Jim Rechtin said 2027 star ratings results approach the company's best ever, with an average rating of 4.17, and that early Annual Enrollment Period performance is running ahead of expectations. Humana also said its Medicaid business grew by roughly 104,000 members this year to span 13 states, including pending contracts in Georgia and Texas.
Why it mattersState Medicaid agencies in Georgia and Texas evaluating managed care contracts may weigh Humana's expanding Medicaid footprint and membership growth as the insurer pursues new state awards.