Reported 2 days ago
Humana Inc. experienced a significant stock decline, dropping 22% over two days, its worst fall since the 2008 financial crisis, after news broke that it would lose high-quality Medicare ratings. This downgrade impacts roughly 75% of its Medicare members and threatens its revenue model, leading to predictions of a potential $23 hit to earnings per share by 2026. As investors reacted, Humana’s market value fell nearly in half this year, igniting concern across the health insurance sector.
Source: YAHOO