Humana stock takes hit after it cuts Medicare Advantage outlook

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.