Earnings

Humana (HUM) earnings Q3 2019: Medicare Advantage sales surge

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The Humana headquarters office stands in Louisville, Kentucky.

Ty Wright | Bloomberg | Getty Images

Humana reported third-quarter profit above Wall Street estimates and raised its full-year earnings forecast on Wednesday, fueled by growth in its main business of selling government-backed Medicare Advantage health insurance plans.

Shares of the company rose about 3.1% to $304 in premarket trading.

The company said, this year it expects to add more than half a million people to its individual Medicare Advantage health plans – privately managed federal healthcare covers for Americans older than 65 or with disabilities.

Medicare Advantage plans account for about one-third of Medicare…



Source cnbc.com

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