- Thread starter
- #21
- 1,255
Got my 2008 WellCare Calendar today!
WellCare Board Negotiating Exit Of 3 Top Executives, Sources Say - WSJ.com
WellCare Board Negotiating Exit Of 3 Top Executives, Sources Say - WSJ.com
WellCare Do Ya or Don't?
- Thread starter MedSuppPro
- Start date
- 15,319
More "good" news on WellCare.
S&P says WellCare rating still on Watch - MSNBC Wire Services - MSNBC.com
S&P says WellCare rating still on Watch
NEW YORK - Standard & Poor's Ratings Services said Tuesday it is keeping its counterparty credit rating for WellCare Health Plans Inc. on "Watch negative," amid a lawsuit and requests for information from regulatory authorities.
On Oct. 25, the agency placed WellCare's "BB-" credit rating _ a non-investment grade rating _ on Watch negative. Watch negative means the S&P could lower the company's ratings in the near term.
S&P had cited an investigation by the Federal Bureau of Investigation, the U.S. Department of Health and Human Service Office of Inspector General, and the Florida attorney general's Medicaid Fraud Control unit.
Rick
S&P says WellCare rating still on Watch - MSNBC Wire Services - MSNBC.com
S&P says WellCare rating still on Watch
NEW YORK - Standard & Poor's Ratings Services said Tuesday it is keeping its counterparty credit rating for WellCare Health Plans Inc. on "Watch negative," amid a lawsuit and requests for information from regulatory authorities.
On Oct. 25, the agency placed WellCare's "BB-" credit rating _ a non-investment grade rating _ on Watch negative. Watch negative means the S&P could lower the company's ratings in the near term.
S&P had cited an investigation by the Federal Bureau of Investigation, the U.S. Department of Health and Human Service Office of Inspector General, and the Florida attorney general's Medicaid Fraud Control unit.
Rick
More news tonight:
WellCare leadership resigns - Jan. 25, 2008
WellCare replaces leadership
CEO, CFO and general council all resign as the embattled care provider says it will delay its annual report.
WellCare leadership resigns - Jan. 25, 2008
WellCare replaces leadership
CEO, CFO and general council all resign as the embattled care provider says it will delay its annual report.
- 15,319
So, how do we as agents feel about recommending this company. I have somewhat mixed emotions. After all, Medicare is okay with them but S&P is worried. How long before doctors stop accepting the plans?
Are we no supposed to inform our prospects that WellCare has low ratings? (And we could say the same about Pyramid).
I've been enrolling people in Aetna. Not always the best benefits, but they are a very highly rated carrier and I have not heard of any providers balking at accepting their PFFS.
Rick
Are we no supposed to inform our prospects that WellCare has low ratings? (And we could say the same about Pyramid).
I've been enrolling people in Aetna. Not always the best benefits, but they are a very highly rated carrier and I have not heard of any providers balking at accepting their PFFS.
Rick
- Thread starter
- #25
- 1,255
[FONT="]I stopped selling WellCare after January 1 due to their FMO whom tried to bait-and-switch my contracts. I am unable to recommend their plan for two more months. This is due to a non-contractual, anti-trust violation that places a dysfunctional three month hold in order to switch FMO's.
[/FONT]
[FONT="]I doubt any of us can predict what Medicare will do. Medicare will be the last to make any announcements. My concern is the stock market could be a more immediate factor. [/FONT]
[FONT="]This company could become an attractive takeover target. [/FONT]
[/FONT]
[FONT="]I doubt any of us can predict what Medicare will do. Medicare will be the last to make any announcements. My concern is the stock market could be a more immediate factor. [/FONT]
[FONT="]This company could become an attractive takeover target. [/FONT]
- 15,319
When I got screwed, it was 6 months.
Gee, if there was just someone, anyone, on this board that might warn people before they sign with an FMO.
Sigh....
Rick
When I got screwed, it was 6 months.
Gee, if there was just someone, anyone, on this board that might warn people before they sign with an FMO.
Sigh....
Rick
Give it time, I'm sure there are agents who might want to implement a different system then the traditional FMO route
