I Found Our Stolen Commissions....UHC Profits Up
- Thread starter Yagents
- Start date
- Thread starter
- #12
This just pisses me off. Everyone wins except for us, Employees, stockholders and we take it in the shorts. Name one other entity that is getting hurt by this reform.
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"But Aetna Inc. and [COLOR=#366388 !important][FONT=arial,helvetica,clean,sans-serif][COLOR=#366388 !important][FONT=arial,helvetica,clean,sans-serif]Cigna [/FONT][COLOR=#366388 !important][FONT=arial,helvetica,clean,sans-serif]Corp[/FONT][/COLOR][/FONT][/COLOR][/COLOR]. both say their profits could still grow in 2011, and Aetna also plans to start paying a significantly higher dividend to shareholders this year.
WellPoint Inc., the largest health insurer based on enrollment, expects to take a $300 million hit this year just from the so-called medical-loss ratio provision, and it forecast a lower profit than 2010.
But Citi analyst Carl McDonald predicts the insurer will soon announce its own shareholder dividend"
The medical-loss ratio, or MLR, scared insurance investors and industry representatives at first because it essentially regulates company profits.
Insurers, meanwhile, adjusted to comply with the ratios. Many are slashing commissions for individual and small-group insurance brokers. They also are figuring out how to operate more efficiently or invest money back into their business to meet the required minimums and make their product more attractive.
That might mean running more nurse call centers to manage the cost of care for heart failure patients, said Dan Mendelson, CEO of the research firm [COLOR=#366388 !important][FONT=arial,helvetica,clean,sans-serif][COLOR=#366388 !important][FONT=arial,helvetica,clean,sans-serif]Avalere [/FONT][COLOR=#366388 !important][FONT=arial,helvetica,clean,sans-serif]Health[/FONT][/COLOR][/FONT][/COLOR][/COLOR].
Health insurers adjust to once-scary reform rule - Yahoo! News
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"But Aetna Inc. and [COLOR=#366388 !important][FONT=arial,helvetica,clean,sans-serif][COLOR=#366388 !important][FONT=arial,helvetica,clean,sans-serif]Cigna [/FONT][COLOR=#366388 !important][FONT=arial,helvetica,clean,sans-serif]Corp[/FONT][/COLOR][/FONT][/COLOR][/COLOR]. both say their profits could still grow in 2011, and Aetna also plans to start paying a significantly higher dividend to shareholders this year.
WellPoint Inc., the largest health insurer based on enrollment, expects to take a $300 million hit this year just from the so-called medical-loss ratio provision, and it forecast a lower profit than 2010.
But Citi analyst Carl McDonald predicts the insurer will soon announce its own shareholder dividend"
The medical-loss ratio, or MLR, scared insurance investors and industry representatives at first because it essentially regulates company profits.
Insurers, meanwhile, adjusted to comply with the ratios. Many are slashing commissions for individual and small-group insurance brokers. They also are figuring out how to operate more efficiently or invest money back into their business to meet the required minimums and make their product more attractive.
That might mean running more nurse call centers to manage the cost of care for heart failure patients, said Dan Mendelson, CEO of the research firm [COLOR=#366388 !important][FONT=arial,helvetica,clean,sans-serif][COLOR=#366388 !important][FONT=arial,helvetica,clean,sans-serif]Avalere [/FONT][COLOR=#366388 !important][FONT=arial,helvetica,clean,sans-serif]Health[/FONT][/COLOR][/FONT][/COLOR][/COLOR].
Health insurers adjust to once-scary reform rule - Yahoo! News
- 630
- 15,041
Premium payers and taxpayers, but who cares about them, right?
- 4,716
I'm thinking that eventually this is going to catch up to the carriers when Agent production falls flat. I mean who can afford to do this job for what they are paying, something has to give here. Do they really think enough people will just sign up online we all know how much hand holding is involved in this.
- 990
I agree.
This rep. guy from humana told me that they hate the biz that they get from EHEalth which is the same deal basically as applying direct.
I think a lot of times people use those 2 distribution channels because they are hiding a medical situation and the less people they speak with directly the better. Also, you have the denial based know it all who takes a cursory look at price and deductible with no thought to service and off they go. It will be interesting to watch how things unfold over the next couple of quarters.
This rep. guy from humana told me that they hate the biz that they get from EHEalth which is the same deal basically as applying direct.
I think a lot of times people use those 2 distribution channels because they are hiding a medical situation and the less people they speak with directly the better. Also, you have the denial based know it all who takes a cursory look at price and deductible with no thought to service and off they go. It will be interesting to watch how things unfold over the next couple of quarters.
G
Guest
Guest
Did anyone get last year residuals yet? I am still waiting.
- Thread starter
- #19
I found more of our missing commissions:
UnitedHealth CEO's 2010 Compensation Growth Matches Company's 21% Profit Increase.
The AP (4/14) reports that UnitedHealth Group's "earnings rose 21 percent last year and so did the compensation it gave CEO Stephen J. Hemsley." According to an "Associated Press analysis of a regulatory filing made Wednesday" by UnitedHealth, Hemsley received compensation "totaling $10.8 million" in 2010. "That's up from $8.9 million in 2009."
UnitedHealth CEO's 2010 Compensation Growth Matches Company's 21% Profit Increase.
The AP (4/14) reports that UnitedHealth Group's "earnings rose 21 percent last year and so did the compensation it gave CEO Stephen J. Hemsley." According to an "Associated Press analysis of a regulatory filing made Wednesday" by UnitedHealth, Hemsley received compensation "totaling $10.8 million" in 2010. "That's up from $8.9 million in 2009."
Glad to do my fair share..... BARFF****
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