Humana(HUM) Prnewswire·2025-06-10 01:28Company Overview - Humana Inc. is a for-profit health insurance company that provides Medicare Advantage, individual and group insurance, pharmacy benefit management, and integrated care services through its CenterWell network [3] Allegations and Legal Issues - Edelson Lechtzin LLP is investigating potential violations of federal securities laws involving Humana, stemming from allegations of providing misleading business information to investors [1] - On June 5, 2025, The Wall Street Journal reported that Humana supports congressional efforts to reform Medicare billing practices, which have generated billions in extra payments for the health insurance industry [4] - Humana's support includes restrictions on payments for home-visit diagnoses, which accounted for $15 billion in revenue for Medicare Advantage insurers from 2019 to 2021 [4] - The investigation follows a False Claims Act Complaint filed by the Department of Justice against Humana and other major insurers for allegedly providing kickbacks to insurance brokers for enrolling customers in Medicare Advantage plans between 2016 and 2021 [4] Stock Performance - Following the announcement of the DOJ lawsuit, Humana's stock declined by $6.20 per share, or 2.36%, closing at $256.04 per share on May 1, 2025 [5]