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Benzinga
Benzinga
Business
Vaishali Prayag

Humana Shares Decline After Losing Medicare Bonus Payment Lawsuit: What To Know

HUM Humana Medicare Humana Inc
Stuttgart,,Germany,-,07-28-2023:,Person,Holding,Mobile,Phone,With,Logo

Shares of Humana Inc. (NYSE:HUM) are trading lower Friday after the company lost a legal battle over Medicare bonus payments.

What To Know: A Texas district court dismissed Humana's lawsuit, upholding the government's decision to downgrade the company's Medicare quality ratings. The ruling is expected to reduce Humana's Medicare bonus payments beginning in 2026, posing a risk to future profitability. Following the court's decision, Humana shares dropped as much as 7.5% earlier in the session before settling lower, according to Bloomberg.

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