Humana Shares Tumble as Medicare Advantage Costs Exceed Expectations
Louisville, Kentucky – Humana Inc. faced a significant drop in its shares after announcing that it was grappling with higher care costs from its Medicare Advantage customers. The health insurer saw its shares plummet by 13% before the market opened, causing a ripple effect on other insurers as well. The unexpected surge in care costs was attributed to the fact that Medicare Advantage patients used more inpatient care than anticipated in November and December. Additionally, …