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By Staff Reporters
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Humana, the country’s second largest Medicare Advantage insurer, is aggressively culling its plan offerings after several quarters of spending more than expected on its members’ medical care, and getting hammered on Wall Street for it. The company will scrap Medicare Advantage plans in 2025 that currently cover about 560,000 members.
CITE: https://www.r2library.com/Resource
Markets: Stocks embraced the start of spooky season by falling yesterday, ending a hot streak as investors mulled the rising tensions in the Middle East.
General Motors: Reported slightly better-than-expected sales during the third quarter, thanks in part to increased sales of small crossovers and electric vehicles. The automaker reported a 2.2% decrease in sales, compared with a year earlier, an improvement over auto industry forecasts that projected a decline of more than 3% in the quarter.
Meanwhile: Nike’s beleaguered stock was up a bit ahead of its first earnings report since the company announced a CEO change. It withdrew its full-year guidance and postponed its investor day as longtime company veteran Elliott Hill prepares to take the top job at the sneaker giant. Instead, executives said Nike will provide quarterly guidance for the rest of the year. Shares of Nike fell about 7% in early trading Wednesday.
Cite: https://tinyurl.com/bdfjyxhf
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Filed under: "Ask-an-Advisor", Alerts Sign-Up, Ethics, Health Economics, Health Insurance, Health Law & Policy, Healthcare Finance, Investing, LifeStyle | Tagged: General Motors, GM, Health Economics, Health Insurance, healthcare, Humana, medicare, Medicare Advantage, Middle East, nike, Part C, stock markets |
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