{"id":24360,"date":"2023-06-18T23:03:55","date_gmt":"2023-06-19T03:03:55","guid":{"rendered":"https:\/\/ifintechworld.com\/uncategorized\/humana-shares-fall-after-it-also-notes-increase-in-procedures-post-pandemic\/"},"modified":"2023-06-18T23:03:55","modified_gmt":"2023-06-19T03:03:55","slug":"humana-shares-fall-after-it-also-notes-increase-in-procedures-post-pandemic","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=24360","title":{"rendered":"Humana shares fall after it also notes increase in procedures post-pandemic"},"content":{"rendered":"
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Investing.com — Humana Inc <\/span><\/span> (NYSE:) is also seeing higher costs because people are using their insurance for procedures, the second health insurer this week to note the trend post-pandemic.<\/p>\n

The company said in a securities filing on Friday that it would reaffirm its full year insurance segment benefit expense ratio guidance of 86.3% to 87.3% but said it would be at the top end of this full-year range.\u00a0<\/p>\n

The company said this forecast was driven by higher than anticipated non-inpatient utilization trends, especially for \u201cemergency room, outpatient surgeries, and dental services, as well as inpatient trends.\u201d<\/p>\n

Shares of Humana fell 3.7% on Friday. They are down 13% this year. Earlier this week, UnitedHealth Group Incorporated (NYSE:) also noted higher costs because people were seeking procedures they put off during the pandemic.<\/p>\n

Humana said it has also continued to see strong growth in individual Medicare Advantage membership, adding that \u201con average, new members take approximately 3 years to achieve mature profitability levels.\u201d<\/p>\n

It reaffirmed guidance for adjusted earnings per share this year of at least $28.25.\u00a0<\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Investing.com — Humana Inc (NYSE:) is also seeing higher costs because people are using their insurance for procedures, the second health insurer this week to note the trend post-pandemic. The company said in a securities filing on Friday that it would reaffirm its full year insurance segment benefit expense ratio guidance of 86.3% to 87.3% […]<\/p>\n","protected":false},"author":1,"featured_media":24361,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[1],"tags":[83],"class_list":["post-24360","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-uncategorized","tag-featured","post_format-post-format-video"],"yoast_head":"\nHumana shares fall after it also notes increase in procedures post-pandemic | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Investing.com -- Humana Inc (NYSE:) is also seeing higher costs because people are using their insurance for procedures, the second health insurer this\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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