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

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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