Humana says U.S. government proposal would cut funding by up to 1.75 percent

February 23, 2015 3:54 PM

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(Reuters) - Humana Inc said on Monday that the U.S. government's proposed payments to insurers that sell Medicare Advantage health plans would mean a 1.25 percent to 1.75 percent cut for the managed care company in 2016.

That is a steeper drop than the 0.95 percent figure the government proposed for the industry on Friday, but was still within expectations, analysts said, and Humana shares rose nearly 5 percent.

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