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Wednesday, April 7, 2010 as of 11:14 AM ET

Michael McCallister

Michael McCallister

Michael B. McCallister is the chairman of the board, president, and chief executive officer of Humana, a health insurance company.

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Humana 1Q Profit Falls 21% As Costs Rise

Humana Inc.

's (HUM) first-quarter earnings fell 21%, hit by costs to support growing membership, health-care law spending requirements and a smaller benefit from medical-claims reserves.The Louisville, Ky., insurer, which is quickly increasing membership in Medicare-based plans, topped its own first-quarter earnings forecast and boosted its full-year guidance by five cents per share, and said it hasn't seen much change in people using health-care services. But its results and outlook didn't reach loftier targets on Wall Street."Given high investor expectations for HUM, we expect the 1Q report will be viewed as disappointing," Deutsche Bank analyst Scott Fidel said in a note to investors.Humana shares fell 7.8% to $80.97 in recent trading, putting them into negative territory for this year.Humana said its medical-loss ratio--a measure of premiums spent on patient costs--rose to 85.4% in the first quarter from 83.8% a year earlier. This was generally more than analysts expected, fueled b...

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  1. Humana Buys Anvita Health

    Humana (NYSE:HUM) has acquired San Diego-based health-care analytics company Anvita Health for an undisclosed amount of money.The Louisville, Ky.-based insurer, whic...

  2. Humana To Buy Chronic-care Firm SeniorBridge

    Humana will buy in-home chronic-care provider SeniorBridge for an undisclosed sum, the company announced Tuesday. Based in New York, SeniorBridge manages chronic car...

  3. Humana 3Q Profit Climbs on Medicare Membership

    Humana (NYSE: HUM) revealed stronger-than-expected third quarter earnings and lifted its fiscal view on Monday as the company’s attempts to add value to its Medicare...

  4. Getting in on Energy Stocks

    Sterne Agee Managing Director Michael McAllister on why he believes now is the time to invest in oil, despite recent market risk.

  5. Humana 2Q Widely Tops Street Amid Medicare Growth

    Humana (NYSE:HUM) revealed on Monday a stronger-than-expected increase in second-quarter profit as demand from senior citizens for its Medicare plans continued to wi...

  6. Humana 1Q Profit Lifted Amid Stronger Demand for Services

    Humana (NYSE:HUM) said on Monday that its profit climbed 22% in the first-quarter, led by growth in its services segments and lower medical costs.The Louisville-base...

  7. Humana Raises Forecast as Profit Rises 21%

    Humana (HUM) reported on Monday a stronger-than-expected 21% rise in second-quarter profits and upped its earnings guidance, boosting the health insurer’s stock more...

  8. What Congress Will Find in Health Insurer Pay

    Health insurer executive pay is in the bulls' eye in DC, with the Senate Finance Committee pushing hard on a plan to limit the corporate tax deductibility of health ...

  9. What Congress Will Find in Health Insurer Pay

    October 08, 2009 5:01 PM What Congress Will Find in Health Insurer Payby Elizabeth MacDonaldSelect rating Poor Okay Good Great Awesome No votes yetComments »Health i...

  10. What Congress Will Find in Health Insurer Pay « Emac's Stock Watch

    October 8, 2009 05:01 PM UTC by Elizabeth MacDonaldWhat Congress Will Find in Health Insurer PayHealth insurer executive pay is in the bulls' eye in DC, with the Sen...

  11. Humana CEO: Health-Care Reform is Needed

    Humana CEO Michael McCallister on how a public-private health-care plan would impact the health care industry.

  12. The Future of Health Care

    Former Health and Human Services Deputy Secretary Eric Hargan, Concierge Primary Care Physician Dr. Steven Knope and Kindred Health President and CEO Paul Diaz on whether the government is the answer to the problems in health care.

  1. Humana 1Q Misses on Costs, Lifts FY View

    Humana (NYSE:HUM) revealed a 21% drop in first-quarter profit on Monday that fell short of Wall Street's expectations, however the health insurer raised its fiscal 2...

  2. Humana Strikes Alliance To Target 'Dual-Eligible' Patients

    Health insurer Humana Inc. (HUM) has formed a strategic alliance with CareSource, a major provider of Medicaid health plans, with a goal of covering patients who qua...

  3. Humana CEO on the Rising Costs of Health-Care

    Humana CEO Michael McCallister on the impact on employers and Americans of rising health-care costs.

  4. Humana CEO's Total Compensation Rose 19% To $7.3M Last Year

    Humana Inc.'s (HUM) longtime Chief Executive Michael McCallister saw the total value of his compensation rise 19% to $7.3 million last year, due to stock awards, as ...

  5. Humana 4Q Net Up 86% As Membership Grows

    Humana Inc.'s (HUM) fourth-quarter earnings rose 86% amid rising membership and an ongoing trend of patients using health services lightly, and the health insurer sa...

  6. Humana 4Q Earnings Rise 86%; Guidance Improves

    Humana Inc.'s (HUM) fourth-quarter earnings rose 86% amid an ongoing trend of patients using health services lightly and rising membership, and the company expects t...

  7. Humana Posts Higher Profit, Raises Outlook

    Humana Inc. on Monday reported a fourth-quarter profit of $313 million, or $1.20 a share, up from $174 million, or 63 cents a share, a year earlier. Revenue came in ...

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