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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."
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September 2, 2014
08:34 EDTHUMHumana to reaffirm FY14 EPS view $7.25-$7.75, consensus $7.73
Members of Humana Inc.’s senior management team are scheduled to meet with investors at various times between September 3 and the end of the month. During such meetings, Humana’s management expects to reaffirm its guidance of $7.25-$7.75 in diluted EPS for the year ending December 31, 2014. This EPS guidance is consistent with that issued in Humana’s current report on Form 8-K filed with the U.S. SEC on July 30 and subsequently reiterated in investor presentations posted to the Investor Relations section of its web site.

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