As reported in the NYT this morning. Gail took full credit of course, but I could just envision her thinking “these RIF’s are working great! Gotta kick it into high gear”. Glad I retired a few months back and out of that stress.
9 replies (most recent on top)
Would've been nice is The Vest had given a mid-year update on how AIP is looking.
The more I see the Rat, the more I think he should be wearing an orange jumpsuit.
I truly wish they would do away with these nonsensical "fireside chats" and get back to a real conversation about results like Gallina used to provide.
@at maybe we could increase provider’s fee schedules? I have heard from offices they haven’t had a fee increase since the 2008 recession lol
Wall Street is seeing through the financial tricks. Only option is to actually get to work and figure out how to grow. Now the question is whether all the tricks (offshoring) that has been done will enable the 2027 growth required to actually grow.
Elevance reported earnings of $7.45 per share, crushing expectations. However, analysts noticed that about $0.80 per share came from a "below-the-line" non-recurring tax/financial benefit, rather than actual health insurance growth.
Listening to all this bs makes me want to puke.
Outsourcing and AI, who knew the downfall of this company would be so simple.
I see Liberace has sent out his downvote brigade! 🤣
Shrinking margins, shrinking membership, rising MLR. Guess SLT all missed the “you can’t cut your way to growth” lecture at Harvard Business School. The AI push has been a giant bust, but once again those behind it will be unaccountable.
Then why is it down over 10% this morning? Maybe if they hired back the knowledge they RIF’d they’d actually do well for our employees, members, and the stock. With the leadership team we have now - nah, it’ll never happen.