{"id":54685,"date":"2023-03-09T15:03:14","date_gmt":"2023-03-09T14:03:14","guid":{"rendered":"https:\/\/pharma-trend.com\/en\/humanas-economic-impact-in-florida-totals-48-billion\/"},"modified":"2023-03-09T15:03:14","modified_gmt":"2023-03-09T14:03:14","slug":"humanas-economic-impact-in-florida-totals-48-billion","status":"publish","type":"post","link":"https:\/\/pharma-trend.com\/en\/humanas-economic-impact-in-florida-totals-48-billion\/","title":{"rendered":"Humana\u2019s Economic Impact in Florida Totals $48 Billion"},"content":{"rendered":"
\n

\nFlorida State University analysis finds Humana is directly and indirectly responsible for 288,000 jobs, $18 billion in wages and $472 million in taxes<\/i><\/b>\n<\/p>\n

\nFlorida is Humana\u2019s top state for employment and health plan membership<\/i><\/b>\n<\/p>\n

TAMPA, Fla.–(BUSINESS WIRE)–An independent economic research analysis estimated that leading health and well-being company Humana Inc. (NYSE: HUM) would contribute a total of $48 billion in overall economic impact in the state of Florida in 2022. In addition, Florida is home to more Humana employees and health plan members than any other state.\n<\/p>\n

<\/a><\/p>\n

\nThe study, commissioned by Humana from the Florida State University Center for Economic Forecasting and Analysis, is based primarily on Humana financial data. It also showed that Humana\u2019s Florida presence in 2022 would be responsible, directly and indirectly, for more than 288,000 jobs and $18 billion in income or wages, as well as $472 million in state and local taxes.\n<\/p>\n

\n\u201cHumana has a long history of serving Florida and its people, and this analysis clearly demonstrates the significant and ongoing impact that Humana is having on our state\u2019s economy,\u201d said Ron Weeden, Senior Vice President and Humana Medicaid Division Leader, based in Tampa. \u201cWe at Humana are proud to be part of the fabric of this great state and of the important role we play not only economically, but also in improving the health of Floridians and our local communities.\u201d\n<\/p>\n

\nHumana employs approximately 11,000 Floridians and, as of Dec. 31, 2022, serves more than 2.6 million health plan members in the Sunshine State through its Medicaid, Medicare Advantage, Medicare Prescription Drug, Medicare Supplement, commercial employer group and TRICARE health plans. Humana\u2019s Medicaid brand, Humana Healthy Horizons, is one of just two comprehensive plans serving Medicaid beneficiaries in all 11 of the state\u2019s regions. The company also provides senior-focused primary care at more than 140 Florida clinics under the CenterWell Senior Primary Care and Conviva Care Center brands, as well as home health care services through its subsidiary CenterWell Home Health and pharmacy services through CenterWell Pharmacy and CenterWell Specialty Pharmacy.\n<\/p>\n

\n\u201cIt\u2019s hard to overstate Florida\u2019s importance to Humana\u2019s ongoing success,\u201d said Caraline Coats, Regional President, Medicare for Humana in Florida. \u201cFrom Jacksonville and the Panhandle in the north to Miami and Broward County in the south, and Tampa, Orlando and everywhere in between, we\u2019re dedicated to helping those we serve achieve their best health, and we enjoy long-lasting, productive and mutually beneficial relationships with health care providers, community organizations and suppliers across the state.\u201d\n<\/p>\n

\n\u201cWe\u2019ve had the privilege of caring for Humana\u2019s Florida health plan members for more than five years,\u201d said Mia Jones, CEO at Agape Family Health. \u201cHumana is not only one of the largest health plans in our state, but Humana has always been extremely responsive, highly collaborative and clearly committed to improving health outcomes for their members, our patients.\u201d\n<\/p>\n

\nThe report also noted that in addition to its economic impact, Humana contributes to the health and well-being of the communities it serves by supporting local nonprofit organizations. For example, in 2020, Humana made nearly $2 million in donations to community organizations like the Area Agency on Aging, Boys and Girls Clubs and others. Humana\u2019s Florida employees also contributed nearly 30,000 hours of volunteer time.\n<\/p>\n

\n\u201cFeeding South Florida is grateful for our long-standing partnership with Humana,\u201d said Paco V\u00e9lez President and CEO of Feeding South Florida. \u201cWith their generous support and committed team volunteering their time, we have been able to address food access barriers for vulnerable populations in South Florida. Our collaboration has led to the development and expansion of innovative programs underlying our shared belief that food is medicine.\u201d\n<\/p>\n

\n\u201cThe partnership between Humana and Boys & Girls Clubs of the Emerald Coast has provided resources and volunteers that directly support more than 3,000 youth in Northwest Florida,\u201d said Leslie Mickles, Vice President of Financial Advancement for Boys & Girls Clubs of the Emerald Coast. \u201cThis equates to youth who are equipped with lifelong strategies that promote wellness and healthy lifestyles.\u201d\n<\/p>\n

\nTo arrive at total economic impact, the study calculated the direct, indirect and induced effects of Humana\u2019s economic activity in Florida:\n<\/p>\n