Humana stock is almost to covid levels. UHC rebounding today but Humana continues to fall off of Med. Adv. rates.
13 replies (most recent on top)
@c0 Cigna is smarter than that.
@ec he has bankruptcy experience. He needs to stay.
@k3 UHC has outstanding leadership. Humana does not.
@OP I am enjoying watching. When a company replaces outstanding leadership with an RVP who does not have an insurance license, obviously no industry knowledge, but can merge a cell phone Company, what do you expect? The current CEO's leadership during an industry bankruptcy should prove valuable.
@h1 true, they are a lot more diversified. Humana only has Medicare and Medicaid.
United still has a sizable group and individual insurance business, not to mention their PBM, Optum, which brings in a substantial amount of revenue to the detriment of anyone forced to use it.
@ec The previous CEO that everyone gawked over because he was handsome and sent out a weekly email, written by his assistants, was the one who decided to drop group and individual products. The BoD brought him over a decade ago to make the company attractive to a merger or purchase by private equity, and although he never succeeded, he never stopped trying to achieve that goal.
The CEO needs to go!
Cigna merger, here we come!
Layoffs imminent
If insurance companies were measured by impact metrics, their stock value would reflect things like:
• Denial rate (% of claims rejected)
• Appeal reversal rate (how often denials were wrong)
• Member mortality after denial
• Delay-to-care outcomes
• Chronic condition deterioration rates
• Customer survival-adjusted life years (QALY impact)
this will terrifies Wall Street
Because under those metrics:
• A company that “saves money” by denying care would lose market value
• Executives would be punished financially for harming patients
• Algorithms designed to deny claims would become liabilities, not assets
THEN WE WILL HAVE A NON PROFIT HEALTHCARE SYSTEM.
That was part of the master plan! To stop doing commercial and only focus on Medicare and Medicaid. It would make it easier to either split us up and sell off center well or have somebody come in and purchase us without any pushback. New C suite, same games.
Turns out, building your whole company around a single rate that's set by the government is a very bad idea! Who woulda thunk it?