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Humana Reports Profit Growth as Medicare Membership Rises

Humana agreed to be acquired by rival Aetna in July.

Strength in health care services, driven by Medicare, offset a soft commercial segment. Chief Financial Officer Brian Kane said the insurer expects “marked improvement” in the Medicare and individual commercial businesses next year, but added that Humana remains cautious about 2016 earnings growth expectations due to challenges in those segments.

The Louisville, Ky., company struck its $34.1 billion merger deal amid a flurry of consolidation in the health care space, fueled by a desire to diversify and cut costs amid a landscape changed by the Affordable Care Act. The tie up, if approved by regulators, will vault Aetna toward...