Humana exceeds profit expectations due to lower medical expenses.
(Reuters) -Humana’s second-quarter profit beats Wall Street estimates!
Medical costs for insurers, especially those with Medicare plans, have surged in the first half of this year as older adults resumed making appointments for medical procedures such as hip and knee replacements they had delayed during the pandemic.
Humana reported a medical loss ratio – the percentage of its spend on claims over the premiums it collects – of 86.3% for the quarter, up from 85.8% a year earlier but lower than the average of analysts’ estimates of 86.50%, according to Refinitiv data.
Excluding one-off items, the health insurer earned a profit of $8.94 per share in the quarter ended June 30, higher than analysts’ average estimate of $8.82 per share, according to Refinitiv data.
(Reporting by Leroy Leo in Bengaluru; Editing by Krishna Chandra Eluri)
Former business associate of Hunter Biden, Devon Archer, appeared before the House Oversight Committee on Monday and reportedly said that Hunter used his father’s influence to sell “the brand.”
Former President Trump is indicted for his alleged role in January 6th, while accusations against Lizzo may not be Rumors.
After a long day of closed-door testimony before the House Oversight Committee, Ex-Biden Partner, Devon Archer, confirms some damning information.
Thousands of people in Niger have taken to the streets to support a recent coup, denouncing France while waving Russian flags.
By Nette Noestlinger, Matthias Baehr and Elizabeth Howcroft
LONDON (Reuters) – Worldcoin expands operations to sign up more users globally…
By Munsif Vengattil
BENGALURU (Reuters) -Taiwan’s Foxconn to invest $600 million in two projects in Karnataka state in southern India to make…
By Yuvraj Malik
(Reuters) -Apple likely to report a dip in iPhone sales in the April-June quarter as shoppers held out…
By Aditya Kalra, Arpan Chaturvedi and Munsif Vengattil
NEW DELHI (Reuters) -Social media platform X seeks to quash an Indian court…
" Conservative News Daily does not always share or support the views and opinions expressed here; they are just those of the writer."
*As an Amazon Associate I earn from qualifying purchases
