Three days after announcing it would be acquired by Hartford, Conn.-based Aetna, Louisville, Ky.-based health insurer Humana lowered its 2015 financial forecast, according to Reuters.
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.
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