Thread regarding Humana Inc. layoffs

Nope

I’m a SNP Rn HCM. Do you think SNP nurses will be RIF’ed?

I'm telling ya - if Humana would put in a 'Pickleball Injury Exclusion Rider' in their MA policies, they would start making back a lot of $$$ quickly! I'm semi-serious.

I live in an over 55-community and these folks think their bodies can move and perform like they were kids again. They're popping/straining/breaking/herniating/tearing body parts like crazy from that game.

And then there's just the plain st-----g/clotting/dropping dead from COVID and the vaccine side-effects.

Yes, a lot of talk about the 'Other' company who beat the pants off Humana in open enrollment. They couldn't even say UHC? Why? I worked there for 8 years and got laid off with hundreds of others last year. I received my highest bonus ever, then the layoffs, then they posted $4.5 Billion in net revenue for the quarter!! Shareholders and profits matter more to employees and if you think otherwise, you need to work for a charitable organization. It's kind of wrong that investors make money off government provided healthcare rebranded, but it's probably a better system than if the government had total control.

The current state of healthcare is becoming increasingly costly. While having health insurance was once practical, the market now demands prompt, transparent services without administrative complexities or surprises hidden in the fine print for both patients and providers.

This not only reflects poorly but also appears desperate. The desire to maintain a lucrative era of profiting at the expense of everyone has become outdated, akin to traditional employment.

Gig work, aligned with market shifts, empowers individuals post Unions that were prominent and proactive at one time. The pandemic served as the final straw; those outside the nepotism circle are rejecting exploitation. Ignoring this shift will have detrimental consequences. Sadly, populations who can't navigate this will suffer, it will exasperate actions from everyone else in the middle & will correct the top down exploitation.

"Step one, layoff sales agents"

When we're sales agents laid off? Right before open enrollment?

Step one, layoff sales agents. Step three, increase sales and get profit.

Hey, what's Step 2?

The underpants gnomes from South park had a better business plan than the Mo--ns in charge of Humana

How did they make such a huge error with predictions about enrollment and profits?

Imagine seniors wanting to get care under their insurance! The same insurance they paid taxes for every paycheck and are now paying a premium for. The problem is corporate greed. A select few at the top of the food chain making enormous amounts of money want to continue making more even though they FAILED at their ONE task- to ensure the company is fiscally sound. I say off with their golden parachutes and throw them all out!!!

It's worse. During project growth they cut most of the people supporting STARS. That combined with changed by CMS will create another $500M-$1B gap to fill in a few years as STARS degrade...Payouts are just for two years prior so the pain hasn't been felt yet.

This is going to get worse before a buyout or CMS sends a lifeline, the market flips, and it magically gets better...

Humana is not a non profit, and the dilemma you note is there…but that’s also where our salaries and AIP and benefits come from

My question is: When is enough profit enough? Have shareholders and upper management gotten too greedy? Remember, the profit that Humana makes is from Medicare, Medicaid and military programs now. To me, making HUGE profits off of those populations is not a good look for the company.