2013.10.26 03:23
Insurers Well Underway Forbes, Oct 26, 2013 Health plan CEOs like Wellpoint's Joe Swedish project robust revenue growth and profits from a boom in business from newly insured Americans under the Affordable Care Act. While politicians and pundits alike inside the beltway beat up the White House over computer system glitches, health insurance companies still project robust revenue growth and profits from a boom in business from newly insured Americans under the Affordable Care Act. Take this week’s third-quarter earnings report and financial projections of Wellpoint (WLP), one of the nation’s largest health insurers, which earlier this week raised its earnings guidance for the third time this year. Amid a flurry of stories about the troubled launch of the federal health insurance marketplace web site known as healthcare.gov, Wellpointsaid its improved outlook is due in part to gains from the Affordable Care Act. On Friday, the Obama administration named a contractor to fix the site, saying it should be fixed by the end of November. Wellpoint is the parent of a number of Anthem and Blue Cross and Blue Shield branded plans and a key player in offering benefits to the growing population of consumers covered by Medicaid insurance for the poor, which is also expanding under the Affordable Care Act. “We are raising our 2013 membership and earnings per share guidance, reflecting our strong year-to-date performance and our continued expectation for higher investment spending in the fourth quarter as we begin our implementation of the Affordable Care Act,” Wellpoint chief executive officer Joseph Swedish told Wall Street analysts and investors earlier this week on the company’s third-quarter earnings call. “In the fully insured marketplace, the rollout of public insurance exchanges began October 1, and there has been a lot of activity around this area. We remain optimistic about the long-term membership growth opportunity through exchanges. ” Though health plans are frustrated at the slow sign up, their earnings forecasts and balance sheets reflect largely robust growth. Other health plans like Aetna AET +0.19% (AET), Humana HUM +0.23% (HUM) and UnitedHealth Group UNH +0.01% (UNH) are optimistic, according to public statements of their executives. Health plans are reporting growth across all of their lines of business. “The emergence of public exchanges, private exchanges, Medicaid expansions, growing dual eligible and long-term care need, accountable care experimentation, rising consumerism and the confluence of these elements have the potential to create new opportunities for us to grow and serve in new ways,” UnitedHealth Group chief executive officer Stephen J. Hemsley said on the company’s Oct. 17 third-quarter earnings call with analysts. There is, however, caution from health insurance executives related to implementation of the Affordable Care Act, executives are telling Wall Street. “While . . . we’ve raised our 2013 adjusted (earnings per share) guidance by $0.40 or 5%, and we are encouraged by our third quarter operating performance, we caution against run-rating this improvement into 2014 given the number of changes to our business due to ACA implementation,” said Wellpoint chief financial officer Wayne Deveydt. “These include: Exchange enrollment. It is simply too early to get an accurate picture of our exchange-based volume or risk profile.” |
2013.10.26 03:29
2013.10.26 04:36
2013.10.27 10:37
No. | Subject | Date | Author | Last Update | Views |
---|---|---|---|---|---|
Notice | How to write your comments onto a webpage [2] | 2016.07.06 | 운영자 | 2016.11.20 | 18194 |
Notice | How to Upload Pictures in webpages | 2016.07.06 | 운영자 | 2018.10.19 | 32348 |
Notice | How to use Rich Text Editor [3] | 2016.06.28 | 운영자 | 2018.10.19 | 5925 |
Notice | How to Write a Webpage | 2016.06.28 | 운영자 | 2020.12.23 | 43840 |
5543 | 류현진, 한국인 첫 ML 포스트 시즌 승리투수 [3] | 2013.10.15 | 황규정*65 | 2013.10.15 | 2853 |
5542 | [축구]‘손흥민 결승골’ 홍명보호, 말리에 3-1 완승 [1] | 2013.10.15 | 황규정*65 | 2013.10.15 | 3138 |
5541 | [경제] Jim Rogers가 바라보는 북괴와 일본의 붕괴 | 2013.10.15 | Rover | 2013.10.15 | 4633 |
5540 | [미국정치] Why Does the GOP Really Hate Obamacare? [1] | 2013.10.15 | 운영자 | 2013.10.15 | 2474 |
5539 | World's 20 Best Hikes: Epic Trails [3] | 2013.10.16 | 운영자 | 2013.10.16 | 6018 |
5538 | 조선은 어떻게 500년이나 갔을까? [6] | 2013.10.16 | 김영철*61 | 2013.10.16 | 2612 |
5537 | 인턴 [9] | 2013.10.19 | 노영일*68 | 2013.10.19 | 3499 |
5536 | [LPGA] 양희영, 하나·외환 챔피언십서 우승…데뷔 첫 우승 ‘감격’ [6] | 2013.10.20 | 황규정*65 | 2013.10.20 | 3447 |
5535 | [詩] 안부 - 김시천 [3] | 2013.10.20 | 운영자 | 2013.10.20 | 3679 |
5534 | 아빠의 아빠 악단 [10] | 2013.10.21 | 이정익#68 | 2013.10.21 | 2887 |
5533 | A Quiet Trip to the Ozone Hole [3] | 2013.10.21 | 이한중*65 | 2013.10.21 | 2170 |
5532 | 호수 옆에서 사진 촬영 할때조심 해야겠습니다 [1] | 2013.10.21 | 김영철*61 | 2013.10.21 | 4046 |
5531 | [시낭송] 별 헤는 밤 - 시 윤동주 [10] | 2013.10.23 | 운영자 | 2013.10.23 | 3947 |
5530 | 中, 한국의 북한 흡수통일 수용할 수도 [1] | 2013.10.24 | Rover | 2013.10.24 | 3534 |
5529 | 벽을 걷는 신기한 마술 | 2013.10.24 | 계기식*72 | 2013.10.24 | 3834 |
5528 | <b>[시계탑] Sigetop Archives - All Years since 2008</b> | 2013.10.25 | 운영자 | 2013.10.25 | 4363 |
5527 | <b>[시계탑] Sigetop PDF Version, 2013 4th Quarter</b> | 2013.10.25 | 운영자 | 2013.10.25 | 3334 |
» | Obamacare, Windfall to Insurers [3] | 2013.10.26 | 이한중*65 | 2013.10.26 | 2024 |
5525 | 영국 여행기 I, Prologue [14] | 2013.10.27 | 황규정*65 | 2013.10.27 | 4428 |
5524 | The Shin Racers For Halloween [8] | 2013.10.27 | 신성려#65 | 2013.10.27 | 3334 |
Perhaps Obamacare will be working out OK to address the issue of the healthcare for the uninsured
in this country for the first time in history as Medicare did.
As a physician, I'd like to see the healthcare is high in the priority list of government spending.