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Humana, Cigna Fall On Lower Medicare Star Ratings
Humana, Cigna Fall On Lower Medicare Star Ratings
Humana (HUM) and Cigna (CI) sank on Wednesday after government data showed that the managed health care providers had a much smaller portion of their members enrolled in higher-quality Medicare plans.The data, from the Centers for Medicare and Medicaid Services, showed that the percentage of Humana's membership on 4-star or higher plans declined to around 37%, from 78% in the prior year.For Cigna, members enrolled in 4-star or higher plans dropped to 19% from 67%, according to a Wells Fargo research note.
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Humana, Cigna shares suffer biggest fall in months after downgrade in Medicare Advantage rating
Humana, Cigna shares suffer biggest fall in months after downgrade in Medicare Advantage rating
in addition healthcaredive
Humana, Cigna stocks fall in face of lower CMS' updated Medicare star ratings
Humana, Cigna stocks fall in face of lower CMS' updated Medicare star ratings
Dive Brief:CMS updated its star quality ratings for 2018 policy year on Wednesday in which some health insurance giants received lower scores for certain measures.Humana attributed the decrease in the percentage of its Medicare membership in 4- or 5-star plans (from 78% [2.15 million members] a year ago to 37% [1.17 million members]on July 31) to its lower scores.The payer's common stock shares fell drastically yesterday.