The Projection — a symmetric watercolor butterfly

The Projection

The surface is never the system.

← Humana

Capital · out

outflows — MA medical costs (elevated utilization) dominate; then ~$0.43B dividends + ~$0.15B buybacks FY25

high confidence · as of 2026-07-26 · about Humana

Sourced figures 1


the working

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A claim is one metric we assert about a node — the value is the summary, this page is the receipt. Sourced from kestrel; supersedes-history not yet shown. Back to Humana.