Reported 5 days ago
Humana Inc. has suffered a significant loss in market value this year, plummeting nearly 50% due to ongoing challenges, including a critical drop in Medicare quality ratings. After the Centers for Medicare and Medicaid Services (CMS) downgraded Humana's scores, only 25% of its members will now be in highly rated plans that generate additional revenue, down from 94%. The company risks losing around $3 billion in revenue as new CEO Jim Rechtin attempts to restore investor confidence and navigate through this crisis.
Source: YAHOO