Humana's 3rd-quarter profit rises 30 pct

Bloomberg Businessweek, November 2, 2010

Humana Inc.'s third-quarter earnings climbed 30 percent as Medicare Advantage enrollment rose and the insurer joined competitors in reporting a drop in health care use.

The Louisville, Ky., managed care company said Monday it saw unusually low levels of medical care use in its commercial health insurance. That contributed to a benefit of 31 cents per share the company received in the third quarter because claims leftover from previous quarters came in lower than expected.

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