(Updates)
** Health insurer Humana's shares fall ~4% to $315.02
** Co
withdrew
its already downscaled 2025 profit forecast, citing disappointing government Medicare reimbursement rates
** Says it would provide more specific outlook once it has better clarity
** HUM had already slashed the profit forecast to between $22 and $26 per share from $37 in
January
** Co reports Q1 profit of $7.23/shr vs est $6.12/shr - LSEG
** Co saw a jump in medical benefit ratio - percentage of premiums spent on medical care - to 88.9% for the quarter from 85.5% last year
** Including session's move, stock down 31.7% YTD
(Reporting by Mariam Sunny and Christy Santhosh in Bengaluru)
((Mariam.ESunny@thomsonreuters.com))
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