Humana Falls in Early Trading on Medicare Advantage Rates
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Humana Inc., the second-biggest private Medicare insurer, declined the most in three months after saying the U.S. government’s preliminary Medicare Advantage payment rates were less than the company expected.
Humana dropped 6.4 percent to $73.01 at the close in New York, the biggest single-day drop since Nov. 7. The Louisville, Kentucky-based company said it is “closely analyzing all operational avenues” under the new rate proposal after earlier this month predicting it could boost revenue from Medicare membership next year.