Humana (FRA:HUM) Medical Loss Ratio % : 0.00% (As of . 20)

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What is Humana Medical Loss Ratio %?

Medical Loss Ratio % is the percentage of the insurance premium that insurers use to pay for medical claims and activities that improve the quality of care. A lower Medical Loss Ratio % indicates better profitability of the company.

The historical rank and industry rank for Humana's Medical Loss Ratio % or its related term are showing as below:

FRA:HUM's Medical Loss Ratio % is not ranked ^*
in the Healthcare Plans industry.
Industry Median:
* Ranked among companies with meaningful Medical Loss Ratio % only.

Humana Medical Loss Ratio % Historical Data

The historical data trend for Humana's Medical Loss Ratio % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Humana Medical Loss Ratio % Chart

Humana (FRA:HUM) Medical Loss Ratio % Explanation

Medical Loss Ratio % is the percentage of the insurance premium that insurers use to pay for medical claims and activities that improve the quality of care. For example, if an insurer uses 80 cents out of every premium dollar to pay its customers' medical claims and activities that improve the quality of care, the company has a Medical Loss Ratio % of 80%.

Medical claims are medical bills submitted to health insurance carriers and other insurance providers for services rendered to patients by care providers. When you go to the doctor, hospital or other provider, your service generates a bill. This bill then becomes a medical claim to your insurance carrier to process for payment.

Quality of care involves activities such as engaging and involving the patient, so the patient takes ownership in preventive care and in the treatment of diagnosed conditions.

Humana Medical Loss Ratio % Related Terms

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Humana (FRA:HUM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Plans » Humana Inc (FRA:HUM) » Definitions » Medical Loss Ratio %

Comparable Companies

Traded in Other Exchanges

HUM:USA HUM:Mexico H1UM34:Brazil

Address

500 West Main Street, Louisville, KY, USA, 40202

Website

http://www.humana.com

Humana is one of the largest private health insurers in the U.S. with a focus on administering Medicare Advantage plans. The firm has built a niche specializing in government-sponsored programs, with nearly all its medical membership stemming from individual and group Medicare Advantage, Medicaid, and the military's Tricare program. The firm is also a leader in stand-alone prescription drug plans for seniors enrolled in traditional fee-for-service Medicare. Beyond medical insurance, the company provides other healthcare services, including primary-care services, at-home services, and pharmacy benefit management.