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Humana stock takes hit after it cuts Medicare Advantage outlook

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Humana Inc. slashed in half its forecast for how many Medicare Advantage members it expects to pick up in 2022, causing its shares to fall 19% in trading on Jan. 6, reports Healthcare Dive. CEO Bruce Broussard said members were active shoppers during the most recent open enrollment period, and the Louisville-based insurer now expects to add between 150,000 to 200,000 Medicare Advantage members, compared to its forecast of between 325,000 and 375,000 members.

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