Humana lowered its outlook due to its Medicare Advantage members using hospital services at a higher rate than the insurer expected. The company lowered its expected 2015 operating profits by more than 8 percent, according to the report.
Humana’s lower profit outlook is bad news for investors, as the boost Humana will give to Aetna’s earnings in 2017 and 2018 will be less than what some investors had planned for, according to the report.
More articles on payer issues:
Aetna inks $37B deal to acquire Humana: 5 things to know
Health insurer Centene to buy rival Health Net for $6.3B
125 things to know about the ‘big 5’ insurers
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