Humana has recently been generating record revenue with aging U.S. baby boomers increasing enrollment in the government-sponsored Medicare program for the elderly. Insurers are also benefiting greatly from the expanded Medicaid coverage for the poor, under the Affordable Care Act (ACA). According to Humana Medicare segment vice president George Renaudin, Humana is expecting approximately 3 million Medicare members this year.
With revenue of $48.5 billion in 2014 and employing about 44,200 workers, if Humana were sold it would mean one of the largest companies in Kentucky would be changing hands. As stated in additional articles regarding this Bloomberg story, only time will decide the fate of Humana Inc. as to whether it remains a buyers or seller in the U.S. insurance sector.
In the meantime, the company’s stock continues to rise on Wall Street. Last week it hit a 52-week high of $182.97 per share, twice. This was helped by Humana’s repurchase of some of its shares to drive up value.
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