Humana Health Care's fortunes sinking.......

My heart aches for them...... :nopity:



Humana Leads Drop in Managed-Care Stocks Over Medicare Limits
By Robert Greene


Feb. 23 (Bloomberg) -- Humana Inc. fell the most in 11 months, leading a decline in managed-care stocks, after the U.S. government proposed fee increases of less than 1 percent to companies providing subsidized health coverage for the elderly.

The shares of Humana dropped by $8.29, or 20 percent, to $32.25 in New York Stock Exchange composite trading at 10:34 a.m. The Standard & Poor’s 500 index of six managed-care providers, including UnitedHealthGroup Inc. and WellPoint Inc. as well as Humana, lost 9.8 percent.

Humana said today that the new rates, scheduled for 2010, would have a “significant adverse impact.” The Centers for Medicare & Medicaid Services, a U.S. agency, announced the proposals on Feb. 20, after markets closed, for companies that offer coverage through what is known as Medicare Advantage plans. The plans typically offer benefits beyond those the elderly receive in Medicare obtained directly from the government.

Also, President Barack Obama may call for reducing the subsidies when he announces budget proposals this week, an administration official said yesterday.


http://www.bloomberg.com/apps/news?pid=20601087&sid=agWtY1rCRUns&refer=home

Let's hope this puts the bastards out of business.

We need to get rid of the insurance companies. They are vultures and have no place in our society.

and until we get them out of the mix, we'll never have a decent health care system in this country!

It boggles my mind. Those fuckers gouge billions out of the pockets of ordinary people every year, respond to their health care needs by slamming doors in their face, and they still somehow end up bleeding money.

Hmmm... I wonder how that happens?

Edit: No, it was CIGNA that murdered Nataline. Not that Humana doesn't do the exact same thing,

Considering the games Humana makes you play to try to get a claim filed or otherwise use your coverage, they should be rolling in dough.

:nopity: :nopity: :nopity: :nopity: :nopity: :nopity:

I fucking hate INhumana. :grr: :nuke:

dg

And if I have to look at their irritating tv commercial one more time, I'm going to throw my fuzzy slippers at the telly.