Shares of UnitedHealth Group Inc. tumbled Monday after fellow insurer Humana Inc. missed first-quarter earnings expectations and said some costs climbed in its Medicare Advantage business.
THE SPARK: Humana, based in Louisville, Ky., said Monday that its first-quarter earnings fell 21 in a performance that missed Wall Street expectations.
Humana said membership in its Medicare Advantage plans grew in the quarter, but it also increased its investment in the plans, and many of those costs were borne in the first quarter.
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