Can someone who attended give us a rundown?
I see the share price suddenly dropped 11% today.
6 replies (most recent on top)
“Well, actually, the business is suffering right now because industry-wide there was much higher than anticipated medical claim spend in Q4 2024.”
Is this because of the uhc ceo things, and they lowered the denial ratio?
"It's a real chicken or the egg conundrum here: Is the business suffering as an effect of sc--wing over the employees - or are we getting sc--wed over because the business is suffering? Hmmmm...
Regardless, it's top leadership that's responsible for this mess - and we know their pay isn't taking any hits this year."
Well, actually, the business is suffering right now because industry-wide there was much higher than anticipated medical claim spend in Q4 2024.
Don't worry about the stock price. When the sale of Medicare Advantage to HCSC goes through, they will have $3Billion+ to repurchase shares (thus boosting the price per share).
Have a good Friday everyone!
It's a real chicken or the egg conundrum here: Is the business suffering as an effect of sc--wing over the employees - or are we getting sc--wed over because the business is suffering? Hmmmm...
Regardless, it's top leadership that's responsible for this mess - and we know their pay isn't taking any hits this year.
There is a detailed summary posted on iris.
Ultimately it was a 6.7% drop in the stock price. We missed earnings by quite a bit, due mostly to higher medical cost ratio in the stop loss business. High cost claims were much higher than expected. We also lowered our earnings guidance for 2025. Not good.