(Reuters) – Humana Inc on Wednesday beat Wall Street estimates for quarterly profit aided by the strength of its government-backed Medicaid insurance plans despite modestly higher than expected medical costs.
The health insurer reported an adjusted profit of $7.78 per share for the third quarter, beating analysts’ estimate of $7.16 per share, according to LSEG data.
(Reporting by Khushi Mandowara in Bengaluru; editing by Milla Nissi)
