Humana,Louisville , Ky. , saw its third-quarter profits more than triple to $159.2 million helped by strong Medicare enrollment growth and the absence of certain one-time charges. Revenue for the quarter climbed 48% to $5.65 billion. In the year-ago quarter, the company earned $46.8 million, but that included a $44.8 million charge for the settlement of a class-action lawsuit involving the nation’s doctors and a $4.2 million charge related to Hurricane Katrina. Medicare Advantage enrollment nearly doubled to 993,000 members in the third quarter ended Sept. 30, up from 503,100 members in the year-ago quarter. Enrollment in the plans was up 33,200 members, or 3%, from the second quarter. Enrollment in Humana’s standalone Medicare prescription-drug plans, new in 2006, reached 3.52 million -- up 62,200, or 2%, from the second quarter. Humana’s total enrollment remained virtually unchanged at 11 million members.
Medicare enrollment boosts Humana
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