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Humana Faces Rough Start to 2024 Following Surprise Fourth Quarter Loss and Surge in Medicare Advantage Business Utilization

LOUISVILLE, Kentucky – Humana, a leading insurance company, is facing significant challenges as it entered 2024, with its stock trading near a four-year low. The company recently reported a surprise loss in the fourth quarter and cited higher usage in its Medicare Advantage business as the cause. This surge in older patients seeking care last year led to an imbalance between premiums and the cost of care for Humana. CEO Bruce Broussard acknowledged the complexity …

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Retirement Dilemma: A Quarter of U.S. Adults Over 50 Struggle to Save

WASHINGTON (AP) — A recent survey conducted by AARP revealed that a significant portion of U.S. adults aged 50 and older are expressing concerns about their ability to retire. About 25% of this demographic stated that they do not foresee themselves retiring, while a staggering 70% are worrying about the impact of rising prices outpacing their income growth. The study, which included over 8,000 participants and was carried out in collaboration with the NORC Center …

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Retirement Crisis: Nearly a Quarter of Americans Have Nothing Saved, Survey Reveals

Orlando, Florida – A recent survey conducted in the United States revealed a concerning trend among individuals aged 18 to 64: between 25% and 35% reported having no savings for retirement. This lack of financial preparedness raises questions about the ability of Americans to retire comfortably in the future. According to the survey, 28% of Americans have nothing saved for retirement, with 39% not contributing to a retirement fund, and 30% expressing doubts about ever …

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