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Stock Market & Financial Investment News

News Breaks
February 24, 2014
09:47 EDTHUMHumana says evaluating changes detailed in CMS Medicare Advantage notice
Humana stated in a regulatory filing that on Friday, February 21, after the stock market close, the Centers for Medicare and Medicaid Services, or CMS, issued its Advance Notice detailing preliminary 2015 Medicare Advantage benchmark payment rates. CMS has invited public comment on these preliminary rates before releasing final rates on April 7. In the companyís earnings release call for Q4 held on February 5, the company discussed that it anticipated the Advance Notice would result in a decline in Medicare Advantage funding of 6%-7% for 2015, including the impact of the industry fee. "Based upon the 2015 Advance Notice, these same factors as well as the potential impact of CMSís proposed changes to the calculation of Fee-for-Service, or FFS, costs are now expected to result in a funding decline for 2015 of 3.5%-4.0%," Humana said. The Advance Notice also proposes changes associated with enrollee risk assessments that would potentially result in additional significant funding declines. Humana will be providing comments to CMS in support of this critical program. Humana said, "The company is continuing to evaluate the changes detailed in the Advance Notice and the related impact company-wide and by geography. Further, Humana is closely analyzing all operational avenues to address the 2015 preliminary rates and the related impacts upon the companyís Medicare membership and its earnings for 2015. Humana is committed to providing quality care and service to its members through the Medicare Advantage program. The company will be drawing upon its program expertise to comment on the impact of these preliminary rate changes upon beneficiaries as it provides comments to CMS."
News For HUM From The Last 14 Days
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July 30, 2014
12:27 EDTHUMOn The Fly: Midday Wrap
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10:05 EDTHUMHumana says 'feels good' about how 2015 is 'shaping up'
Sees FY14 3Rs $575M-$775M. Says does not anticipate membership to grow significantly or shrink significantly in the future.
09:55 EDTHUMHumana expects to offer HMO plans in 65 new counties next year
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08:53 EDTHUMHumana expects headwinds this year to include hepatitis C costs
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06:19 EDTHUMHumana sees FY14 Medicaire Advantage membership up 375,000-390,000
Sees FY14 Medicare stand-alone PDPs membership up 575,000-625,000; Sees FY14 State-based Medicaid membership up 225,000-275,000; Sees FY14 Individual commercial membership up 425,000-500,000; Sees FY14 Medicare supplement membership up 20,000-40,000
06:17 EDTHUMHumana backs FY14 EPS $7.25-$7.75, consensus $7.84
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06:16 EDTHUMHumana reports Q2 EPS $2.19, consensus $2.19
Reports Q2 revenue $12.22B, consensus $11.94B; Reports Q2 total premiums and services revenue up 18.6%.
06:07 EDTHUMHumana reports Q2 Total Medical Advantage membership up 14% to 2.8M
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06:07 EDTHUMHumana backs FY14 EPS $7.25-$7.75, consensus $7.84
06:07 EDTHUMHumana reports Q2 EPS $2.19, consensus $2.19
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July 29, 2014
15:53 EDTHUMNotable companies reporting before tomorrow's open
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July 28, 2014
08:17 EDTHUMMCO sell-off provides buying opportunity, says Leerink
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July 25, 2014
10:52 EDTHUMWellCare issues largely company-specific, says UBS
UBS notes that aside from WellCare (WCG), which attributed its lowered guidance to the start-up of its Florida MMA program and other issues, that Centene (CNC), WellPoint (WLP), UnitedHealth (UNH) and Humana (HUM) are the leaders in Medicaid in the state. However, the firm believes a majority of WellCare's issues appear company specific and UBS views any weakness in UnitedHealth, WellPoint, Aetna (AET), or Cigna (CI) as opportunity to buy those four stocks, on all of which it has Buy ratings.
July 24, 2014
06:50 EDTHUMConsumers received $9B in refunds from health insurers, The Hill says
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July 22, 2014
13:46 EDTHUMCourt upholds Obamacare subsidies, NY Times says
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10:43 EDTHUMAppeals court bars subsidies in health care law
A three-judge panel of the D.C. Circuit Court of Appeals struck down part of President Obama's healthcare law by siding today with plaintiffs who argued that the law barred the government from giving subsidies to people in states that chose not to set up their own insurance marketplaces. The appeals court stated, "Because we conclude that the ACA unambiguously restricts the section 36B subsidy to insurance purchased on Exchanges 'established by the State,' we reverse the district court and vacate the IRSís regulation." Twenty-seven states decided against setting up marketplaces, and another nine states partially opted out, according to the Washington Post.

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