Humana forecast lower profits

Filed under: AM Roundup |

The nation’s second-largest Medicare insurer raised its 2012 earnings forecast lower than analysts expected, citing an increase in Medicare Advantage patients, reports Bloomberg.

Human says profits might be around $7.60 to $7.80 a share, down from analysts’ expectations of $8.01 a share.

Humana said it expects about 40,000 more Medicare Advantage clients, which will offset the money earned from an increase in demand for medical services.

Read more at Bloomberg News.