Forbes April 24, 2024
The health insurer Humana Wednesday reported quarterly net income of more than $741 million and boosted its forecast for Medicare Advantage membership growth.
Medicare Advantage plans, which are a large share of Humana’s business, contract with the federal government to provide extra benefits and services to seniors, such as disease management and nurse help hotlines with some also offering vision, dental care and wellness programs.
Humana’s stock has been suffering after the company earlier this year reported a surprising fourth quarter loss and higher than expected medical costs from its Medicare Advantage business.
But Wednesday’s report was more positive with the company reporting net earnings again with...
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