EHTH 2nd Qtr Call - Very Interesting

[Yagents]

Yes, I listen to the EHTH investor conference calls (for insight). Here's a recap

1. # of apps are down, but number of people on each app are up due to GI child requiring a parent (no more child only), and up to age 26 jumping on the app

2. Premiums are up, commish is up higher than forecasted due to reduced PPACA MLR reform commish.

3. HHS.gov - Moved responsbility to CMS, and CMS has approved vendors. EHTH is not one of them, even though they just signed on for another year, they have been notified they may not make the list next year. Per CEO: "The experience is not what they expected, lesser opportunity, revenue potential not as big, site not as robust". (in other words, working with the gov't sucks sh*t.) Private exchanges here we come.......yoohoo

4. Diverting ALOT of resources to Medicare.....watch out for your new online competitor. Commish is attractive, demographics too.

5. PPACA was supposed to lower premiums..."haven't seen that yet". Mandates usually require higher premiums.

6. NO discussion at all with carriers on moving to a per member fee, still talking % of premium.

7. Discussing how to collect fees outside of the commissions, come exchange time, or after. Become healthcare expense manager, where even copay payments run through EHTH.

8. state exchanges - surprised how slow the states are reacting or adopting them in accordance with PPACA.


EHTH - Q2 2011 eHealth Inc Earnings Conference Call

 

[somarco]

4. Diverting ALOT of resources to Medicare.....watch out for your new online competitor. Commish is attractive, demographics too.

You mean THIS competitor?

8. state exchanges - surprised how slow the states are reacting or adopting them in accordance with PPACA.

States don't have the money, even with Obumma's wallet (which is getting thinner by the moment) and don't want any connection with Obamacrap.

Just like that Johnny Paycheck song, "You can take this job and shove it".

 

[Dave020]

You mean THIS competitor?

8. state exchanges - surprised how slow the states are reacting or adopting them in accordance with PPACA.

States don't have the money, even with Obumma's wallet (which is getting thinner by the moment) and don't want any connection with Obamacrap.

Just like that Johnny Paycheck song, "You can take this job and shove it".

Except California, which is dead broke but has thoroughly and completely embraced Obama Care and HHS. We will either have single payer or exchanges 'maybe' comping small group.

 

[somarco]

Don't know about that Dave. Looks like CA got a payday loan to help them through this crisis.

Of course if they don't pay up DC may sell them back to Mexico . . . but not until AFTER the next election . . .

 

[Dave020]

Of course if they don't pay up DC may sell them back to Mexico . . . but not until AFTER the next election . . .

Sadly, it would be virtually impossible to tell the difference if this happened.

 

[cwlives]

State exchanges: Colorado is "all in" on the concept. Of course they are already projecting to run through the allocated funds.