Humana CEO Sees Upside in Medicare Changes That Industry Opposes

Health insurers are fighting a Medicare payment change proposed by the Biden administration, but one of the biggest companies in the space says the policy won’t harm its business, and may even spur growth.

Humana Inc. is the second-largest Medicare Advantage insurer, with more than 5 million members in the private version of the US health program for the elderly and disabled. The industry is lobbying federal authorities to change course on a proposed 2.3% average rate cut that sent managed care stocks tumbling last month.

The Better Medicare Alliance, an industry group, asked the Biden administration to backtrack ...