Tenet Healthcare Corporation (THC) will release fourth-quarter 2016 results on May 2, after the market closes.
CVS Health Corporation (CVS) is scheduled to report its first-quarter 2017 results before the opening bell on May 2.
Universal Health Services, Inc (UHS) is set to report first-quarter 2017 results on Apr 25, after the market closes.
Boston Scientific Corporation (BSX) is scheduled to report first-quarter 2017 results before the opening bell on Apr 27.
Thermo Fisher Scientific, Inc. (TMO) is scheduled to report first-quarter 2017 results before the opening bell on Apr 26.
Centene Corporation (CNC)will release first-quarter 2017 results on Apr 25, before the market opens.
Zimmer Biomet Holdings, Inc. (ZBH) is expected to beat earnings when it reports its first-quarter 2017 financial numbers on Apr 27.
Authored by Mike Shedlock via MishTalk.com, Nearly the entire state of Tennessee has a single Obamacare provider. In sixteen counties, none of this year’s providers want to do business. Mississippi, Alabama, South Carolina, Oklahoma, Alaska, and Wyoming are states where there is only a single provider for the entire state. Iowa is likely to be covered by a single provider next year. Most of North Carolina, Florida, Missouri, and Arizona are also in a single-provider situation. Enrollment for 2018 starts in November. Will the problem be fixed by then? If not, What Happens if Places Have No Obamacare Insurers? The markets created by the Affordable Care Act have always relied on the voluntary participation of private companies. If the government set up the right conditions for the market, the thinking went, insurers would want to jump in. But, as Sarah Kliff at Vox.com has reported, the law contained no real backup plan if that vision didn’t work out. So far, there are parts of Tennessee where none of this year’s insurers want to sell insurance next year. Other counties have only one carrier, and in some of them, that carrier is looking shaky. If insurers do all decide to exit a market, no one is exactly sure what will happen next. Some experts have brainstormed about possible workarounds, but all would entail uncharted legal territory. Senator Lamar Alexander of Tennessee, the state currently at greatest risk of bare counties, has introduced a bill that would create options for customers shut out of their Obamacare market. But even if Congress passed such a law, regulators would have to work very fast to make anything happen before next year’s enrollment period, which begins in November. No Backup Plan Vox asks What if Obamacare Insurers Falls to Zero? Multiple sources tell me that White House staff held a meeting today to discuss cost-sharing reduction subsidies — that $8 billion Obamacare program whose fate still hangs in limbo. Ending these payments could “blow up” the health law’s marketplaces, but President Trump has so far waffled on what he’ll do about the issue. The meeting didn’t include any outside advisers or industry officials, only administration staff. Right now there are 16 counties in Tennessee where no health insurer wants to sell Obamacare coverage. Iowa could be next: Half its Obamacare insurers announced this month that they would no longer participate in the marketplace. That leaves 94 of the state’s 99 counties with just one insurer — and regulators there aren’t totally sure that plan, Medica, will stick around. “We don’t have any commitment from the two carriers that remain that they will be there,” says Doug Ommen, Iowa’s insurance commissioner. “They’re not required to file with us until June. Certainly we’re hopeful, but unless Congress acts, our market will continue to be very unstable.” What happens if no one wants to sell coverage? Does the law have any fallback plan? The short answer is no. There is no backup plan for places where no insurer wants to sell Obamacare coverage. Even before the election, some big insurers had decided that the Obamacare marketplaces were not good for their bottom lines. Aetna and UnitedHealth mostly withdrew in 2016, leaving lots of places with just one insurer. Since the election, health insurers have only gotten more skittish. Humana announced in February that it would no longer participate. That left those 16 Tennessee counties without any plans, and many more counties with just one option. Ryan’s Folly The articles mentioned that Trump could call up providers and bully them into offering coverage. But does that make any sense from a party that wants to Kill Obamacare? The system is set up to implode and there is no point to doing anything until it does. After an implosion, there will be bipartisan support to do something. Right now there is no bipartisan support to do anything. The folly of House Speaker Paul Ryan’s ill-fated attempt to fix the problem is readily apparent. His poor decision to attempt to fix the unfixable accomplished nothing useful, but it did move partial ownership of the problem to Republicans.
Aetna (AET) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Shares of health insurer Aetna Inc. (AET) underperformed over the past one year.
After a brief twitter war between Trump and the House Freedom Caucus last week over the failed healthcare legislation, new rumblings seem to suggest that all hope is not yet lost for a repeal of Obamacare. As The Hill notes this morning, Freedom Caucus chairman Mark Meadows says that his group would be willing to support TrumpCare to the extent it made changes on the following 3 issues: Essential Health Benefits - Mandate what services insurers must cover; Community Rating - Says insurers can't charge sick people more for insurance; Guaranteed Issue - Says insurers must cover people with pre-existing conditions. The intent of the changes, of course, would be to lower premiums for young, healthy insurance buyers who have basically been shut out of the market after Obamacare essentially imposed egregious penalties on them to help cover the costs of older, sicker patients. Referencing the three changes above, Meadows said that "the majority of the Freedom Caucus would be favorably inclined to vote for that." And while it's still unknown when/if a new iteration of TrumpCare will come back to the House for a vote, there seems to be growing pressure from the Trump administration to push through last-minute amendments to the latest bill before Congress leaves for its two-week recess. The House Rules Committee is reportedly organizing a meeting late Thursday to weigh a new change to the bill that would create a fund for “high risk” patients. This amendment is intended to show that momentum for the new GOP healthcare bill is building, a House leadership aide told Bloomberg.The news outlet reports that the move to quickly push a new amendment, leaving senators with a limited time to decide whether they support the change, is unusual. While the bill may not go to the House for votes immediately, Bloomberg reports, the developments show the White House is still pushing for a repeal of ObamaCare in the wake of last month's failure to get GOP repeal and replace plan to a vote. Of course, these latest develops follow a very public feud between Trump and various members of the House Freedom caucus that erupted last week... @realDonaldTrump Freedom Caucus stood with u when others ran. Remember who your real friends are. We're trying to help u succeed. — Raúl R. Labrador (@Raul_Labrador) March 30, 2017 It didn't take long for the swamp to drain @realDonaldTrump. No shame, Mr. President. Almost everyone succumbs to the D.C. Establishment. https://t.co/9bDo8yzH7I — Justin Amash (@justinamash) March 30, 2017 .@realDonaldTrump it's a swamp not a hot tub. We both came here to drain it. #SwampCare polls 17%. Sad! https://t.co/4kjygV2tdS — Thomas Massie (@RepThomasMassie) March 30, 2017 ....and our note from just yesterday that Knoxville, TN could be "ground zero" for the imminent explosion of Obamacare after Humana, the last remaining insurer in the region, pulled out of the exchanges leaving 40,000 residents with no healthcare options (see "Knoxville, TN Could Be Ground Zero For The Obamacare Explosion"). For the 40,000 people living in and around Knoxville, TN, Humana was the only insurance company providing healthcare coverage for the 2017 plan year. That said, even with their monopoly in the market, Humana still couldn't figure out a way to make money on the Obamacare exchanges in the 16 Tennessee counties where it was the sole insurer. As such, the company has decided to cancel its coverage in 2018 potentially leaving Knoxville's 40,000 residents with no healthcare options at all. Per the map below from the Milwaukee Journal Sentinel, while most of Tennessee is covered by Blue Cross and Cigna, the 16 counties surrounding Knoxville in the eastern portion of the state will have to find a new insurer to fill in for Humana by July 1st or residents there simply won't have access to healthcare for the 2018 plan year. In the end, as we've noted before, the Obamacare exchanges around the country are stuck in a negative feedback loop where healthy people are refusing to sign up, which leads to losses for insurers, which leads to higher rates, which, of course, leads to even fewer healthy people signing up.
The Zacks Analyst Blog Highlights: Aetna, BHP Billiton, Sprint, Capital One Financial and BlackBerry
The Zacks Analyst Blog Highlights: Aetna, BHP Billiton, Sprint, Capital One Financial and BlackBerry
For the 40,000 people living in and around Knoxville, TN, Humana was the only insurance company providing healthcare coverage for the 2017 plan year. That said, even with their monopoly in the market, Humana still couldn't figure out a way to make money on the Obamacare exchanges in the 16 Tennessee counties where it was the sole insurer. As such, the company has decided to cancel its coverage in 2018 potentially leaving Knoxville's 40,000 residents with no healthcare options at all. Per the map below from the Milwaukee Journal Sentinel, while most of Tennessee is covered by Blue Cross and Cigna, the 16 counties surrounding Knoxville in the eastern portion of the state will have to find a new insurer to fill in for Humana by July 1st or residents there simply won't have access to healthcare for the 2018 plan year. And while Blue Cross and Cigna could theoretically expand their coverage map in Tennessee to pick up Humana's former markets, Insuance Commissioner Julie McPeak said she's "not optimistic" that would happen absent "some changes to the regulatory system, either by Congress or the administration." Which, of course, sets up Knoxville as 'ground zero' for the 'Obamacare explosion' predicted by Trump. Tennessee Insurance Commissioner Julie McPeak said she has had many "challenging conversations" with the state's two remaining insurers -- BlueCross BlueShield of Tennessee and Cigna -- about covering the Knoxville market next year. The carriers, however, want more flexibility to limit their exposure to sick, costly enrollees, she said. For instance, they are concerned that Obamacare eliminated their ability to cap their lifetime payouts to their policyholders. "I'm not optimistic that one of our existing insurers would like to expand their coverage area without some changes to the regulatory system, either by Congress or the administration," said McPeak, who has criticized Obamacare. Insurers have until July 1 to file their 2018 plans in Tennessee, but they'll likely make their decision in the next month or two. Cigna said its participation depends on market conditions and regulatory approval of its policies. BlueCross BlueShield said it is still reviewing its options. "The current uncertainty makes it difficult to assess what our product offerings for 2018 might be," said Roy Vaughn, a senior vice president at the insurer, which has lost more than $400 million on the exchange over the past three years. "All options are on the table for 2018." Meanwhile, as we pointed out last summer, Humana was apparently still unable to make money in TN despite a 59% increase in premiums for the 2017 plan year... so one can only imagine how much higher rates will have to go in 2018 (data source: Charles Gaba). In the end, as we've noted before, the Obamacare exchanges around the country are stuck in a negative feedback loop where healthy people are refusing to sign up, which leads to losses for insurers, which leads to higher rates, which, of course, leads to even fewer healthy people signing up. In conclusion, it appears that Trump was right yet again: ObamaCare will explode and we will all get together and piece together a great healthcare plan for THE PEOPLE. Do not worry! — Donald J. Trump (@realDonaldTrump) March 25, 2017 The Democrats will make a deal with me on healthcare as soon as ObamaCare folds - not long. Do not worry, we are in very good shape! — Donald J. Trump (@realDonaldTrump) March 28, 2017
What happens when a president is willing to let the health care system he is now responsible for, in his own words, ‘explode’? Rhetoric from the Trump administration that they will “let” Affordable Care Act marketplaces fail along with lack of interest in taking measures to keep insurers in its exchanges, compounded with renewed talks by Republicans on the hill over repealing and replacing the ACA, is a perfect storm for market uncertainty and a self-fulfilling “explosion.” This was no more evident than in Donald Trump’s speech after the American Health Care Act bill was pulled from the House floor without a vote. “I’ve been saying for the last year and a half that the best thing we could do, politically speaking, is let ObamaCare explode. It’s exploding right now.” – President Donald Trump The reason that Republican leadership is rushing renewed talk of repeal before the Easter recess is because we’re nearly a month away from when insurers have to both decide whether or not to stay in ACA marketplaces and finalize their 2018 plans and rates. While talk alone doesn’t determine policy, it certainly signals where it is headed. In other words, the “American Health Care Act 2.0” as legislation is all smoke and mirrors. Debates behind closed doors and the resultant uncertainty over insurance regulations, cost-sharing programs, reinsurance payments, and level and nature of the subsidies for consumers to purchase insurance alone will push insurers out of the market and collapse certain state exchanges. All economic indicators, including evidence from the nonpartisan Congressional Budget Office and the Brookings Institution, point to the ACA exchanges as not in a death spiral. There is no clear or immediate need for Congress to repeal and replace the law. Premiums have risen, but enrollment has remained steady and more people continue to gain coverage each year. However, the lack of stability created by the false urgency to present and vote on rushed, shoddily-written legislation will certainly throw certain states into one and disproportionately harm states that Trump won in last November’s election. Anthem, one of the ACA’s largest insurers and the sole option for many consumers in certain U.S. counties, is likely to pull out of many regional exchanges in 2018, leaving counties in Colorado, Kentucky, Missouri, and Ohio without any ACA insurance plans or 2018. Similarly, Humana, which has already announced that it will not provide any plans under ACA exchanges next year, leaves many counties in Tennessee without any ACA insurance options. The end result is that hundreds of thousands of people, those primarily rural counties, will be left without any insurance options and thus no access to affordable health care. The future of patient care is entirely on Trump and his administration, who have, in his own words, already put politics over patients. If people lose access to care, he will have no one to blame but himself. -- This feed and its contents are the property of The Huffington Post, and use is subject to our terms. It may be used for personal consumption, but may not be distributed on a website.
The CMS has decided to raise 2018 Medicare Advantage more than expected.
First, Humana pulled out of Obamacare for 2018. Then, Wellmark announced it was leaving. Which health insurer could be next?
Humana (HUM) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
THAT MEANS IT’S WORKING: Obamacare Choices Could Go From One to Zero in Some Areas. Many counties already have just one insurer offering health plans in the Obamacare marketplaces, and some of those solo insurers are showing signs that they are eyeing the exits. Humana announced this year that they’d be leaving the markets altogether […]
Margot Sanger-Katz, NYTMany counties already have just one insurer offering health plans in the Obamacare marketplaces, and some of those solo insurers are showing signs that they are eyeing the exits. Humana announced this year that they’d be leaving the markets altogether next year. That means there are parts of Tennessee that will have no insurance options unless another insurer decides to enter.