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Humana second quarter consolidated revenues rises 10% to $8.65 billion

Humana Inc. today reported diluted earnings per common share (EPS) for the quarter ended June 30, 2010 (2Q10) of $2.00, above management's guidance of $1.65 to $1.70. The 2Q10 results compared to EPS of $1.67 for the quarter ended June 30, 2009 (2Q09). For the six months ended June 30, 2010 (1H10) the company reported $3.52 in EPS compared to $2.89 for the six months ended June 30, 2009 (1H09).

2 Aug 2010

Health Care Politics: parties dispute tax reporting requirement; administration woos seniors with new Ad

The Associated Press "Tucked into the new health care law is a requirement that could become a paperwork nightmare for nearly 40 million businesses. They must file tax forms for every vendor that sells them more than $600 in goods. The goal is to prevent vendors from underreporting their income to the Internal Revenue Service.

2 Aug 2010

First regional student food drive to fight hunger

High schools throughout Southeastern Pennsylvania are invited to join Shire's The Great Food Fight!, the first regional student food drive to fight hunger. The goal: to collect 25 tons of food - the equivalent of 50,000 meals - for Philabundance and the thousands of local families who rely on the food services they provide. Shire will present the school that collects the most food per student a grand prize of $10,000.

31 Jul 2010

Speaker Pelosi issues statement to mark 45th anniversary of Medicare and Medicaid

Speaker Nancy Pelosi released the following statement today to mark the 45th anniversary of Medicare and Medicaid being signed into law. To mark the anniversary, the Centers for Medicare & Medicaid Services released a new ad featuring Andy Griffith discussing the Affordable Care Act:

31 Jul 2010

Amerigroup second-quarter total revenues increase 11.3% to $1.4 billion

Amerigroup Corporation today announced that net income for the second quarter of 2010 was $67.2 million, or $1.31 per diluted share, versus net income of $49.6 million, or $0.94 per diluted share, for the second quarter of 2009. Second quarter of 2009 results were positively impacted by a tax adjustment of $0.43 per diluted share related to litigation settled in 2008. Excluding the tax adjustment, second quarter of 2009 net income would have been $27.2 million, or $0.51 per diluted share.

30 Jul 2010

Nutrisystem second-quarter revenues increase 8% to $141.6 million

Nutrisystem, Inc., a leading provider of weight management products and services, today reported financial results for the second quarter of 2010.

30 Jul 2010

Republicans take on cost-cutting panel backed by budget chief Orszag

Several Senate Republican leaders are now pushing a new, partial health-overhaul repeal bill that targets a Medicare cost-cutting panel, The Hill reports. The panel, the Independent Payment Advisory Board, would make cost-cutting recommendations whenever spending exceeds set benchmarks. Congress would have to adopt them, or come up with its own plan.

30 Jul 2010

Business groups, GOP prepare anti-health law campaigns for midterm elections

Politico reports that business groups are preparing ads for the November elections and some are targeting health reform. "The U.S. Chamber of Commerce has already vowed to invest $75 million in the mid-term elections. And health insurers are also planning to play big in November, although the specifics remain in flux. … Both America's Health Insurance Plans and its Coalition for Medicare Choices are expected to play a major role in the messaging, along with individual companies. But neither group, according to sources, plans to directly attack Democrats, which would risk infuriating the White House as it writes reform regulations as well as the Blue Dog Democrats who opposed the legislation."

30 Jul 2010

Today's Opinions: Haiti's lesson for the U.S.; Ending 'Pay for delay;' Getting the CLASS Act off the ground

In February, a month after Haiti's earthquake, I went down to Port-au-Prince as part of a team that was helping to reactivate cardiac care in the city's public hospital. For several months since, I have observed how the earthquake and its aftermath profoundly changed Haiti's health care system. Over that time, I have come to the unorthodox conclusion that Haiti's tragic experience may show us a way to improve health care in the United States (James Wilentz, 7/28).

30 Jul 2010

Poll: Opposition to health reform declines; Seniors view new law more negatively than adults overall

The Washington Post: "Opposition to the landmark health care overhaul declined over the past month, to 35 percent from 41 percent, according to the latest results of a tracking poll, reported Thursday. Fifty percent of the public held a favorable view of the law, up slightly from 48 percent a month ago, while 14 percent expressed no opinion about the measure, according to the poll by the Kaiser Family Foundation.

30 Jul 2010

Oxford Life Insurance releases new Medicare Supplement product portfolio

Oxford Life Insurance Company today announced the release of its new Medicare Supplement product portfolio. The Phoenix-based life insurance company has plans to market Plans A, C or F, and N in more than 35 states.

29 Jul 2010

Anti-fraud efforts backed by AARP; Seniors cautioned about rebate cons

AARP on Tuesday "threw its influence" behind a number of plans to reduce Medicare fraud, including the bipartisan Medicare Fraud Enforcement and Prevention Act, which would increase penalties on nabbed fraudsters and supply more claims data to enforcers, The Hill reports. Separate legislation, "the Fighting Fraud with Innovative Technology Act, would bolster Medicare's claims screening process before payments are sent out" (Lillis, 7/27).

29 Jul 2010

Finding right insurance balance is a key to financial security, Frank N. Darras says

In the United States, insurance businesses employed 2.31 million people in 2008 and made gross premiums of $1.13 trillion, making this country the most profitable insurance market in the world. With numerous companies offering a plethora of products, it is hard to traverse the jungle of companies and products that are available. However, finding the right balance of insurance products is a key component to your financial security. "Whether you are 18 or 85, understanding your insurance needs at every stage of your life is crucial to financial stability," states Frank N. Darras, the nation's top insurance attorney.

28 Jul 2010

Insuring your health: 2 important pocketbook questions

In her latest Kaiser Health News consumer column, Michelle Andrews writes about two of the biggest health overhaul pocketbook questions for seniors (7/27).

28 Jul 2010

Obese seniors more likely to suffer from disabilities: UTMB study

Thanks to rising obesity rates in Latin America and the Caribbean, elderly people there are becoming more likely to suffer from disabilities, according to a paper recently published by University of Texas Medical Branch at Galveston researchers in the American Journal of Epidemiology.

28 Jul 2010

Abortion, other issues continue to stoke the politics surrounding health reform

Politico reports that "the issues of health care and abortion" are making the campaign tough for some Democrats. Among the vulnerable Democrats are Reps. Kathleen Dahlkemper, D-Pa.; Steve Driehaus, D-Ohio; and Indiana Reps. Joe Donnelly and Brad Ellsworth, who is running for Senate. "'We are going to do everything we can to point out that Democrats who said they were pro-life caved on the big one,' said Marilyn Musgrave, a former Colorado congresswoman.

28 Jul 2010

Seniors understand very little about health overhaul law, poll finds

The Hill: "The majority of the nation's seniors have little understanding of what the Democrats' newly enacted healthcare law actually does, according to poll results released Monday. The survey, sponsored by the National Council on Aging (NCOA), an advocate for seniors, found that only 17 percent of respondents could answer even half of the 12 questions about key provisions in the law selected by the NCOA.

28 Jul 2010

First Edition: July 27, 2010

Today's health policy news includes reports about the continuing Senate backlash to Dr. Donald Berwick's appointment to head the Center for Medicare and Medicaid Services as well as findings from a new poll that reveal seniors really don't understand health reform.

27 Jul 2010

Health care industry and professionals respond to seniors' growing health needs

The explosive growth of the USA's older population is fueling a grass-roots 'village' movement in neighborhoods across the country to help people age in their own homes. More than 50 villages in a neighbor-helping-neighbor system have sprouted in the past decade from California and Colorado to Nebraska and Massachusetts.

27 Jul 2010

Senior Smart introduces online tool for seniors looking for quality assisted living facilities

In response to the "graying of America" phenomena, Senior Smart announced today the inception of http://www.assisted-living-info.org, an online tool that provides the perfect match between families and seniors actively looking for assisted living and quality assisted living facilities nationwide.

23 Jul 2010