(Reuters) - U.S. health insurer Humana Inc reported a lower-than-expected quarterly profit and cut its forecast for the year, admitting it had been blindsighted by costs associated with surging membership in its individual Medicare Advantage programs. Shares of Humana fell nearly 12 percent in after-hours trading after the company said the numbers of new Medicare Advantage members - which create considerable initial costs that decline over time - had grown far more than expected in 2012. ... via Health News Headlines - Yahoo! News Read More Here..
Tuesday, 31 July 2012
Humana cuts view, cites costly new Medicare members
(Reuters) - U.S. health insurer Humana Inc reported a lower-than-expected quarterly profit and cut its forecast for the year, admitting it had been blindsighted by costs associated with surging membership in its individual Medicare Advantage programs. Shares of Humana fell nearly 12 percent in after-hours trading after the company said the numbers of new Medicare Advantage members - which create considerable initial costs that decline over time - had grown far more than expected in 2012. ... via Health News Headlines - Yahoo! News Read More Here..
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