Humana Inc. has already cut back on sales of individual major medical insurance market, and now it says it's facing challenges in the private Medicare plan market.

The Louisville, Kentucky-based health insurer talked about the Medicare plan worries today when it announced its earnings for the fourth quarter of 2016.

Humana is reporting a $401 million net loss for the quarter on $13 billion in revenue, compared with $101 million in net income on $13 billion in revenue for the fourth quarter of 2015.

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Allison Bell

Allison Bell, a senior reporter at ThinkAdvisor and BenefitsPRO, previously was an associate editor at National Underwriter Life & Health. She has a bachelor's degree in economics from Washington University in St. Louis and a master's degree in journalism from the Medill School of Journalism at Northwestern University. She can be reached through X at @Think_Allison.