Humana Raises Profit Forecast on Lower Costs
Humana raised its full-year profit forecast after reporting lower-than-expected medical costs in the third quarter. The health insurer also highlighted strong Medicare Advantage membership growth.
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Humana Inc raised its full-year profit forecast to at least $9.50 per share on Friday following lower-than-expected medical costs in the third quarter. The move bucks an industrywide pullback as the insurer expands its Medicare Advantage enrollment while rivals retreat. Strong cost discipline allows the company to unlock earnings potential through 2028, despite investor concerns over fourth-quarter projections.
