Damned that socialized medicine and its fellow travelers. Bloomberg (02.04.08):
"Humana, the second-biggest provider of U.S.-funded health benefits, reported a 57 percent increase in profit, more than analysts estimated, on increased enrollment in Medicare plans for the elderly and lower medical expenses. Fourth-quarter net income rose to $243.2 million, or $1.43 a share, from $155 million, or 92 cents, a year earlier, Louisville, Kentucky-based Humana said today in a statement on Business Wire. The average estimate of 14 analysts surveyed by Bloomberg was $1.32." Humana Profit Rises 57% on U.S.-Backed Health Plans"Humana depends more than rivals such as WellPoint Inc. and Aetna Inc. on Medicare Advantage, a government program that pays insurers to provide health-care benefits. Advantage generates about $10,000 in annual revenue per enrollee, and Humana added more than 100,000 Advantage members last year." Not only that, they "also raised consumer premiums on Medicare drug plans for more than 3.4 million senior citizens, leading to 'positive year-over-year comparisons all year,' Arnold said." Well they did get a cost-of-living increase in their Social Security, didn't they?