Humana Inc. (HUM: Quote) issued a response to the preliminary 2014 Medicare Advantage benchmark payment rates announced by the Centers for Medicare and Medicaid Services on Friday. Humana stated that its business may be materially adversely impacted by CMS’s adoption of a new coding set for diagnoses.
Humana gapped open sharply lower Tuesday and is now down 7.18 at $70.81 on above average volume. The stock has dropped to a 1-month low and has fallen below both its 50 and 200-day moving averages.
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by RTT Staff Writer
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