---
schema_version: "secwatch.filing_event.v1"
accession: "0000049071-24-000009"
form_type: "8-K"
ticker: "HUM"
cik: "0000049071"
company_name: "HUMANA INC"
filed_at: "2024-02-05T23:59:59+00:00"
generated_at: "2026-06-06T09:29:15.373538+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# CMS preliminary 2025 MA rates ~160 bps worse than Humana's flat-rate expectation; 2025 outlook unchanged

## Summary
- CMS estimates average MA benchmark funding decrease of 0.16% in Advance Notice.
- Humana's analysis shows its benchmark change ~160 bps worse than expected flat rate.
- Primary drivers: proposed effective growth rate restatements and normalization factors.
- Company reaffirms 2025 Adjusted EPS growth outlook of $6 to $10.
- Final rates expected April 1, 2024; Humana will provide formal comments.

## SEC filing metadata
- accession: 0000049071-24-000009
- form_type: 8-K
- ticker: HUM
- cik: 0000049071
- company_name: HUMANA INC
- filed_at: 2024-02-05T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/49071/000004907124000009/0000049071-24-000009-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/49071/000004907124000009/hum-20240205.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000049071-24-000009
- JSON: https://secwatch.observer/filing/0000049071-24-000009.json
- Plain text: https://secwatch.observer/filing/0000049071-24-000009.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.