I have seen several health insurance companies with programs similar to HAH. They all have failed. This program is on it's failure. Long lived management leaving. Quarterly lay offs. If anyone thinks they have stability here they are mistaken. I can see the writing on the wall. I'm not waiting for a severance. I am jumping ship before things crash!! Please people think about your families, health, and peace of mind. They want us to leave. I will grant their wish. I am leaving.
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Honestly, if I had stock I would have sold too. This isn't just about Humana, there are many companies laying off, stores closing, people selling their stocks in other major companies/unloading stocks. Things have been in a downward spiral for years and we are about to get really tough, the economy is in big trouble in the next year. If I could I would close out my 401K and do something else with it. Those with millions can't understand what we are going thru right now because they don't know what it's like to gather change to buy something to eat. It's just like we can't understand what it is like to be living in a tent in a refugee camp. All I can say is those who are wealthy and those who are struggling will all be in a mess soon. What is sad is that we are fighting each other instead of being to honest and trying to figure out how to dig ourselves out of this hole we are sitting in. I feel at times we are all trying to win the game and not carrying about how it is played. There are those who have given more than their share while I have witnessed from charts I receive there were those who took advantage of the situation. Now it seems like everyone is in Survival mode. It saddens me to think we have come to this point. I used to be so inspired, so proud to be here. I honestly believed the workers and company cared about each other. I think both sides are at fault, I'm now tired of all the rhetoric from both sides. I don't watch TV but feel like I'm in one of those stupid reality shows.
Slow growth company driven by executive greed and hollow sound bites until the next buyer comes along. Lacking long term vision and plan...focus is on CSuite not associates
That's not true @M2QE4nM-tof and remember life owes you nothing
In addition, these Humana executives received the following amounts in compensation in 2015:
JM, executive vice president and COO: $3.5 million
B K senior vice president and CFO: $2.3 million
TH, senior vice president and chief HR officer: $2.3 million
J B, senior vice president and chief consumer officer: $2.2 million
More articles on payer issues:
LOL. LOL. LOL. I agree we did need to cut corners
Bruth's salary info. Of course we had to cut some corners.
http://www1.salary.com/Bruce-D-Broussard-Salary-Bonus-Stock-Options-for-HUMANA-INC.html
I so highly respect opinions here but, Humana Advantage promoter, please tell me why 4 top executives withdrew 78 million dollars worth of stock if they feel so strongly in the strength of this Program. Would you not think they wanted MORE of the action if it was so valuable? Call me a skeptic, but, well, I am one.
The company plans to intensify its focus on covering people with chronic conditions who will qualify for privately administered Medicare Advantage plans. Humana said it will build relationships with people turning 65, claiming that up to 85 percent of people this age have one chronic condition and as many as 65 percent have two.
The company is also working to improve its main business, Medicare Advantage plans, after a slump in government “star” ratings of products’ value that could weigh on profits.....so based on the Bloomberg article you refer to, divesting of long term care programs aren't specified, but the article specifically states working on improving Medicare advantage plans....so those programs within Humana that focus on those populations are safe
Read carefully, the last line of the Bloomberg article cited here. BB says he would like to "divest" in LT care. Here is the definition of divest--------rid oneself of something that one no longer wants or requires, such as a business interest or investment.
There you have it folks!
https://www.bloomberg.com/news/articles/2017-02-14/humana-s-2017-guidance-beats-some-estimates-plans-buybacks
https://www.thestreet.com/story/14015996/1/cigna-humana-among-insurers-meeting-with-trump-on-monday.html
Town hall meeting at the Trump Palace!
Humana leaders sell $74M in stock, interesting??? On closing bell.com maybe they can use some of their millions to cover stress related illnesses of their employees and FORCED UNPAID OVERTIME. They really don't give a damn about their members or employees, it's all about the $$$.