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Research and Markets: Humana is One of the Nation's Largest Publicly Traded Health Benefits Companies, Serving Approximately 7 Million Medical Members

Posted on: Friday, 3 February 2006, 12:00 CST

Research and Markets (http://www.researchandmarkets.com/reports/c32226) has announced the addition of Humana Business Intelligence Report to their offering.

Humana is one of the nation's largest publicly traded health benefits companies, serving approximately 7 million medical members. Humana offers coordinated health insurance coverage and related services through a variety of traditional and Internet-based plans for employer groups, government-sponsored programs, and individuals. As of June 30, 2005, Humana had approximately 7 million members in its medical insurance programs, including approximately 3.2 million Commercial members, approximately 2.9 million TRICARE members, approximately 950,000 Medicare members, and 1.8 million Specialty members. Humana has approximately 495,000 contracts with physicians, hospitals, dentists, and other providers to provide health care to members.

During 2004, 43% of Humana's premiums and administrative services fees were derived from contracts with the federal government, including 17% related to its TRICARE contracts and 15% related to one contract in Florida with the CMS. Under the CMS contract in Florida Humana provides health insurance coverage to approximately 231,700 members. Additionally, 37% of its premiums and administrative services fees in 2004 were earned from contracts with employer groups and individuals covering members located in Texas, Illinois, Florida, Kentucky and Ohio. Humana manages its business with two segments: Commercial and Government. The Commercial segment consists of members enrolled in products marketed to employer groups and individuals, and includes three lines of business: fully insured medical, administrative services only, or ASO, and specialty. The Government segment consists of members enrolled in government-sponsored programs, and includes three lines of business: Medicare Advantage, Medicaid, and TRICARE. Humana bases its business model on two priorities important to the market: first, the need to find new and innovative answers to the cost issue; and second, consumers' growing desire for a better health plan experience.

This Business Intelligence Report provides the information and analysis you need on Humana to gain an understanding of what makes the company one of the leading health insurers in the country.

The report provides the following sections:

-- Industry Overview/Trends

-- Company Overview

-- Corporate Strategy

-- New Economy

-- Company Executives

-- Financial and Membership Information

-- Lines of Business

-- Sources

For more information visit http://www.researchandmarkets.com/reports/c32226

Source: Business Wire

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