New User:

-or-
Username:
Password:
Forgot your password?

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 company’s 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 CMS’s 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 company’s 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
Sign up for a free trial to see the rest of the stories you've been missing.
November 17, 2014
14:06 EDTHUMHumana to offer plans on 15 state ACA individual market exchanges in 2015
Subscribe for More Information
November 12, 2014
08:58 EDTHUMManaged Care earnings risk low from King vs. Burwell, says Leerink
Leerink believes the Supreme Court decision to the King vs. Burwell case carries low earnings risk for Managed Care companies. The case to determine the legality of Exchange subsidies administered by the Federal Government carries less than 2% and 3% of earnings risk for 2014 and 2015 estimates, respectively, Leerink believes. The firm says Humana (HUM) and Cigna (CI) are currently losing money on Exchanges, and thus could benefit from any Federal Exchange membership loss. Leerink lists Aetna (AET), Centene (CNC), WellPoint (WLP) and Molina Healthcare (MOH) as being most impacted.
November 11, 2014
12:55 EDTHUMWorkarounds to likely protect insurers from Supreme Court decision, says Wedbush
Subscribe for More Information
November 7, 2014
14:14 EDTHUMACA subsidies look likely to be upheld, says UBS
After the Supreme Court agreed to hear a lawsuit challenging the government's right to pay ACA subsidies through the federal exchange, UBS says "it seems quite likely" that the subsidies will be upheld. The firm says that most experts expect a majority of justices to adopt the view that the law's intent was to expand coverage as widely as possible. Publicly traded hospital owners include Community Health (CYH), HCA Holdings (HCA), LifePoint Hospitals (LPNT), Tenet (THC) and Universal Health (UHS).Publicly traded health insurers include AMERIGROUP (AGP), Aetna (AET), Centene (CNC), Cigna (CI), Health Net (HNT), Healthspring (HS), Humana (HUM), Molina Healthcare (MOH), UnitedHealth (UNH), WellCare (WCG) and WellPoint (WLP).
10:58 EDTHUMHumana upgraded to Neutral from Sell at Goldman
As previously reported, Goldman upgraded Humana to Neutral from Sell. The firm upgraded shares based on strong execution, reasonable guidance, and reduced risks. Price target is $156.
10:52 EDTHUMHumana upgraded to Neutral from Sell at Goldman
Subscribe for More Information
06:17 EDTHUMHumana sees FY15 CapEx $575M0$625M, FY15 cash flow $1.5B-$1.8B
Subscribe for More Information
06:15 EDTHUMHumana raises FY14 revenue $48B-$49B from $47B-$49B, consensus $48.64B
Subscribe for More Information
06:11 EDTHUMHumana to inititae $500M accelerated repurchase program after market close
Subscribe for More Information
06:10 EDTHUMHumana reports Q3 EPS $1.85, consensus $2.31
Reports Q3 revenue $12.24B, consensus $12.34B
06:07 EDTHUMHumana expects 2015 individual Medicare Advantage membership to grow to 255K
Subscribe for More Information
06:07 EDTHUMHumana to inititae $500M accelerated repurchase program after market close
Subscribe for More Information
06:07 EDTHUMHumana sees FY15 revenue $53.5B-$54.5B, consensus $53.66B
Subscribe for More Information
06:06 EDTHUMHumana sees meaningful increase in enterprise wide benefit of higher membership
The company said, "We expect the strong value proposition we provide our members, such as high Star quality ratings, relatively flat premiums and benefits and stable provider networks, will position us well for further membership growth and increasing return on capital.”
06:05 EDTHUMHumana sees FY15 EPS $8.50-$9.00, consensus $8.83
Subscribe for More Information
06:05 EDTHUMHumana narrows FY14 adjusted EPS to $7.40-$7.60 from $7.25-$7.75
FY14 EPS consensus of $7.75
06:05 EDTHUMHumana reports Q3 EPS $1.85, consensus $2.31
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use