Humana Inc. (NYSE:HUM) is gearing up to participate in 14 Patient Protection and Affordable Care Act (PPACA) health insurance exchanges.
Cigna Corp. (NYSE:CI) is talking about being “sharply focused on a limited number of markets.”
The comments came out during conference calls the companies held to discuss their first-quarter earnings.
Humana is reporting $473 million in net income for the latest quarter on $10 billion in revenue, up from $248 million in net income on $10 billion in revenue for the first quarter of 2012.
The company ended the quarter providing or administering coverage for 12 million people, up 4.6 percent from the number it was covering a year earlier.
Enrollment in employer-sponsored insured plans increased 1.3 percent, to 1.2 million, and enrollment in self-insured plans that Humana administered fell 2.9 percent, to 1.2 million.
Cigna is reporting $57 million in net income on $8.2 billion in revenue, compared with $371 million in net income on $6.8 billion in revenue for the first quarter of 2012.
Cigna’s medical plan enrollment enrollment increased 3.1 percent, to 14 million.