Humana third-quarter profit falls on investments, drug costs

(Reuters) – U.S. health insurer Humana Inc on Friday reported a lower third-quarter profit that missed Wall Street estimates as it paid for costly hepatitis C treatments and invested in the Obamacare health insurance exchanges and state-based health contracts. For 2015, the company said earnings would rise as it spends less on those state-based health contracts and its large Medicare business benefits from a new government ratings system that should offset planned cuts to payments in the program for the elderly and disabled. …
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