Humana's stock falls because of rising costs, compared to UnitedHealth Group and S&P 500.
Reading
Shares of Humana went down a lot because they said they spent more money on Medicare Advantage customers than they thought they would. They now think they will make less money last year than they said before.
Humana's customers went to the hospital more than Humana thought they would. They also saw more people going to the doctor or having surgeries that don't need a hospital stay.
Humana will tell us more about how much money they think they will make soon. They moved up the day they will talk about their money from February 5 to January 25.
Humana has a lot of customers with Medicare Advantage plans. They think not as many people will join their plan this year.
Humana's stock price went down, and so did UnitedHealth's and Elevance Inc.'s stock prices. Humana's stock used to be worth a lot more over a year ago.
Questions
Why did shares of Humana go down?
Shares of Humana went down because they said they spent more money on Medicare Advantage customers than they thought they would.
Why did Humana's customers go to the hospital more?
Humana's customers went to the hospital more than Humana thought they would because they also saw more people going to the doctor or having surgeries that don't need a hospital stay.
When will Humana provide more information about their expected earnings?
Humana will tell us more about how much money they think they will make soon. They moved up the day they will talk about their money from February 5 to January 25.
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