Humana warns high medical costs may hit 2024 forecast, shares slump

Go back to Humana warns high medical costs may hit 2024 forecast, shares slump

Humana's (HUM) Health Insurance Peers Slump After Outlook Cut

January 18, 2024 7:22 AM EST

Humana (NYSE: HUM) shares slumped pre-open Thursday after it said it sees higher medical costs due increased demand for medical services. As a result it was forced to lower FY23 EPS guidance to $26.09 from $28.25. The news also impacted Humana's peers, including UnitedHealth Group (NYSE:... More