Business

Market Movers

Humana up on narrower health plan cut

Humana president and CEO Bruce Broussard at a recent conference.

Doug Benc/AP Images for Humana

Humana president and CEO Bruce Broussard at a recent conference.

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Shares of the health care company Humana Inc. rose on federal government news that Medicare Advantage cuts will be less than previously expected. Humana had estimated a funding cut of 6 to 7 percent for 2015, according to a document filed with the SEC. Now, the expected cut is between 3.5 and 4 percent. Humana is a big player in the Medicare Advantage business, which is the private version of the government’s program. About 1.9 million of Humana’s 12.1 million members are Medicare Advantage members.

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