LOUISVILLE, Ky. (AP) — Health insurer Humana Inc. said Monday that its third-quarter net income fell 4 percent as more premium dollars from its members went to pay for medical claims, offsetting continued growth in its lucrative Medicare Advantage business.
But its earnings still beat analysts' expectations and the company raised its earnings forecast for the full year.
Humana also announced a deal aimed at solidifying its Medicare Advantage business, especially in Florida.
And the company said that a top executive being groomed as its next CEO will take over those daily management duties soon. Bruce D. Broussard, the company's president since last December, will double as chief executive officer effective this coming Jan. 1.
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