About half of the expected enrollment of Medicare. My bet is on SNP is safe, HAH gets hit hard, Behavioral health and ECOM remains the same, as they are targeted populations, while HAH telephonic is more general, so it’s possible RIF time again for the cMs and SWs. But, it is also interesting that they did a RIF prior to open enrollment, and these are the numbers they have enrolled, so, one has to wonder if this was anticipated and that they divided the RIF to work down case loads and for it not to be too catastrophic? Sucks overall, for sure
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I’m predicting Anything left in HAH will get hit with a RIF and those services will contracted out. ECOM is already not what it was supposed to be and there is little to no work to do. So as many predicted, ECOM will probably get hit too. SNP will always be safe.
Main loss was in retention of members. More RIF in the future and positioning for sale again is my prediction. Ride it out and react when you have to.
There are just a lot of Medicare options. They were really pushing Medicare advantage this year. But it’s so limiting. I think a lot of people are just not going that route and going with Medicare original with add-ons. It gives them more control. It’s a growing demographic so even though we have unfortunately had a lot of deaths from Covid in that older sector I also think the baby boomers who are Medicare qualified or just not opting for the advantage. They are wanting more control over their doctors and etc.
https://www.marketbeat.com/instant-alerts/nyse-hum-analyst-earnings-estimates-2022-01-2/
https://www.marketwatch.com/amp/story/humanas-stock-keeps-falling-amid-fears-that-medicare-advantage-problems-will-last-into-next-year-11641582185
This is from one article I found….that’s a big difference in lower than expected numbers….close to half, the poster was right.
For the year, the health insurer has dropped the net membership growth estimate for its individual Medicare Advantage products to 150,000 – 200,000 members from the previous forecast of 325,000 – 375,000 members. The group Medicare Advantage membership is expected to grow flat in 2022, Humana (NYSE:HUM) said in a regulatory filing Thursday.
For prescription dr-g plans (PDP), the company expects a net membership decline of nearly 125,000 members from the previous estimate that indicated a drop of only a few hundred thousand members.
@1zcb+1eHflhGJ Humana is a for profit business, and while there was an increase, but not was expected, the issue is they staffed to what was expected. I guess time will tell if we are overstaffed
Maybe you didn't read the report fully. There was an increase in membership. The problem is the increase was not as large as expected. From an operations point of view things look good, from an investor point of view the greedy *** want more.
All this insider talk is confusing sometimes.
Humana is a For-Profit company, right?