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The Louisville-based healthcare company was given until Sept. 24 to make the payment, according to a court filing.
The ratings drop could equate to a $1.9 billion revenue hit in 2026.
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Louisville-based Humana Inc. warned investors of tough times ahead in the next few years for Medicare Advantage, even as the company maintains that its bread-and-butter business will recover in the long term.
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The merger would have created a $140 billion giant in the health insurance industry.
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The nonprofit known as CEOc has spent more than $400,000 with businesses owned by the sister and ex-husband of CEOc's top executive, Tammy York Day.
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Humana Inc. on Wednesday reported first-quarter profit of $566 million.