Reported 5 days ago
Humana's stock plummeted 15% after the company announced a sharp decline in enrollments for its top-rated Medicare Advantage plans, with only 1.6 million expected to stay enrolled in 2025, down from 94% in 2024. This decline in membership was linked to a drop in its plan's quality rating from 4.5 to 3.5, raising concerns about future revenue and potential bonus cuts. The news has led analysts to downgrade Humana's stock and forecast significant financial impacts going forward.
Source: YAHOO