Humana Reports 28% Drop in Fourth-Quarter Profit
On Monday, Humana reported that its fourth-quarter profit dropped by 28%. The health plan attributed the drop to higher claim expenses from its stand-alone Medicare prescription drug plans, lower investment income and a loss of commercial business. Humana reiterated its prediction of a big rebound this year.
- "Humana Profits Fell in 4th Quarter" (Louisville Courier-Journal, 2/3).