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 …