Humana's stock tumbles 17% as quarterly loss widens amid soaring medical costs

Humana Inc.’s stock HUM, -1.26% fell 17% early Thursday, after the managed care company’s quarterly loss widened amid soaring medical costs. Humana posted a loss of $491 million, or $4.42 a share, for the quarter, wider than the loss of $71 million, or 12 cents a share, posted in the year-earlier period. The company’s adjusted per-share loss came to 11 cents, while FactSet was expecting EPS of 89 cents. The number reflects additional increases in Medicare Advantage medical cost trends, which rose on higher- ...