Humana Stock Slides as Medicare Advantage Rate Rise Disappoints—Key Level to Watch

Key TakeawaysHumana shares fell nearly 10% in extended trading Monday after the rate increase to Medicare Advantage plans left investors disappointed.Medicare Advantage plans will receive an average payment increase of 3.7% from 2024 to 2025—the same percentage increase proposed in January.Humana chief financial officer Susan Diamond told investors last month that the health insurer would fall short of reaching its upper earnings-per-share growth target without a bigger increase in payments.The Humana share ...