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HUMANA PROJECTS FISCAL THIRD QUARTER EARNINGS

 HUMANA PROJECTS FISCAL THIRD QUARTER EARNINGS
 LOUISVILLE, Ky., May 20 /PRNewswire/ -- Humana Inc. (NYSE: HUM) said


its earnings per share in the three months ending May 31, the fiscal third quarter, are likely to be in the range of 48 to 50 cents. This compares with 64 cents earned in the comparable period a year ago, adjusted for a 3-for-2 stock split.
 The company said hospital operating margins continue to deteriorate, primarily from a downturn in volumes and the deepening decline in non-discounted admissions. For the quarter through mid-May, admissions on a same-hospital basis have fallen below prior year levels.
 The profitability of the company's health plans in the third quarter will likely be down slightly compared to the same period last year. Increasing medical claims costs for Medicare products and a decline in overall base enrollment are major factors contributing to the results.
 Humana owns and operates 79 hospitals and has more than 1.7 million members in its health plans.
 -0- 5/20/92
 /CONTACT: Tyree G. Wilburn, Humana Inc., 502-580-1222/
 (HUM) CO: Humana Inc. ST: Kentucky IN: HEA SU: ERN


CM -- CH004 -- 2235 05/20/92 10:03 EDT
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Publication:PR Newswire
Date:May 20, 1992
Words:192
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