Humana and CVS, two of the largest Medicare Advantage insurers in the country, are poised to seriously downgrade their plan benefits and geographic presence next year as they chase profits in the privately run Medicare program. As a result, hundreds of thousands of Medicare Advantage seniors — and the billions in revenue they represent — […]
Shares of several leading health insurance managed care stocks plunged today after the federally run Centers for Medicare and Medicaid Services (CMS) finalized a lower-than-expected 3.7% payment rate increase for the 2025 calendar year. When all was said and done at close of Tuesday’s trading, shares of Humana (NYSE: HUM) were down 13.4%, CVS Health […]
Humana surprised Wall Street again on Thursday with a lower-than-expected earnings forecast as insurers that sell Medicare Advantage plans continue to struggle with rising care costs. Shares of several health insurers plunged in early trading after Humana said a spike in care use that hit late last year likely will persist throughout 2024. Humana also […]
Humana (HUM) plunged after warning that 2024 earnings will be only about half of Wall Street consensus due to higher Medicare Advantage costs. Other health insurers, including Dow giant UnitedHealth (UNH), Cigna (CI) and Aetna-owner CVS Health (CVS) retreated as well. X Humana expects 2024 earnings of about $16a share adjusted vs. analyst views of […]
Healthcare By Josh Nathan-Kazis Jan 18, 2024, 3:29 pm EST Share Reprints In this article UNH HUM SPX CI America’s health insurance giants have gone all-in on the government-funded Medicare Advantage program over the past decade, reshaping their businesses to capture the profits it promised. Continue reading this article with a Barron’s subscription. View Options
Humana (HUM) stock tumbled more than 12% on Thursday after the US health insurer reported an increase in older patients seeking care, which would hurt its fourth quarter results. Humana reported the preliminary 2023 fourth quarter numbers — 91.4% medical loss ratio, compared to an 89.5% expected — ahead of its fourth quarter earnings on […]
Shares of Humana tumbled early Thursday after it said it was dealing with higher-than-expected care costs from its Medicare Advantage customers, forcing it to chop profit expectations. The update from Humana arrived less than a week after UnitedHealth Group surprised Wall Street, saying that its medical costs had soared 16% in its most recent quarter. […]
Humana stock dived 15% to a nearly two-year low early Thursday after slashing its earnings outlook and reporting lackluster growth in its Medicare Advantage plans in the 2024 enrollment period. Other managed care stocks, including UNH and CVS Health (CVS), suffered more moderate losses, partly because they were already hit last week by UnitedHealth Group‘s […]
(Reuters) -Humana warned on Thursday that a spike in demand for medical services and patient care would lead to higher-than-expected medical costs in the fourth quarter and could hit its 2024 forecast, sending its shares plunging 12% before the bell. Health insurers have been flagging higher medical costs due to a rebound in non-urgent surgeries […]