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Humana Inc

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BUSINESS
January 18, 2001
* Humana Inc. said it will eliminate about 500 jobs, or 3% of the managed-care giant's nationwide work force, as part of a planned reduction in its non-core markets.
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NATIONAL
November 29, 2006 | Ricardo Alonso-Zaldivar, Times Staff Writer
Seniors wanting to avoid the Medicare prescription program's coverage gap have had one clear alternative: Choose a plan that cost more but bridged the break in benefits. But that option will be more restricted and more expensive next year. The leading national plan that covers brand and generic drugs in the gap -- Humana PDP Complete -- will no longer pay for brand-name prescriptions.
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BUSINESS
August 3, 2004 | From Bloomberg News
Tenet Healthcare Corp., the second-largest U.S. hospital chain, reached a two-year contract with Humana Inc. that gives the insurer's members continued access to Tenet's 15 hospitals and diagnostic centers in south Florida. The contract replaces an agreement that expired Sunday, the companies said. Terms weren't disclosed.
BUSINESS
April 29, 2006 | From the Associated Press
UnitedHealth Group Inc. and Humana Inc. are the biggest winners among insurers offering the new Medicare drug benefit, according to enrollment numbers released Friday. Though about 90 companies are administering more than 3,000 private plans around the country, enrollment is heavily concentrated in just a few companies, according to the Centers for Medicare and Medicaid Services.
BUSINESS
February 7, 2006
Health insurer Humana Inc. said fourth-quarter profit rose on increased enrollment in its plans aimed at Medicare recipients. Net income jumped 37% to $64.6 million, or 39 cents a share, the Louisville, Ky.-based company said. Revenue rose 14% to $3.66 billion.
BUSINESS
October 19, 2005 | From Reuters
Humana Inc. said it had settled a six-year dispute with representatives of more than 700,000 physicians over reimbursement and would make a $40-million payment. Louisville, Ky.-based Humana joins other health insurers such as Aetna Inc. and Cigna Corp. in settling with the doctors. The agreement still must be approved by a federal judge in Miami, Humana said.
BUSINESS
December 29, 2000
* Humana Inc. reached an agreement to sell its Medicaid business in Wisconsin to a unit of Centene Corp. and part of its Texas Medicaid unit to a joint venture of Centene and a Texas company. Terms of the transactions weren't disclosed. Humana, the No. 2 operator of Medicare health maintenance organizations, has said it will divest some businesses to focus on more profitable ones. * Guide to Our Staff: Need to reach Business section reporters or editors?
BUSINESS
February 7, 2006
Health insurer Humana Inc. said fourth-quarter profit rose on increased enrollment in its plans aimed at Medicare recipients. Net income jumped 37% to $64.6 million, or 39 cents a share, the Louisville, Ky.-based company said. Revenue rose 14% to $3.66 billion.
BUSINESS
October 19, 2005 | From Reuters
Humana Inc. said it had settled a six-year dispute with representatives of more than 700,000 physicians over reimbursement and would make a $40-million payment. Louisville, Ky.-based Humana joins other health insurers such as Aetna Inc. and Cigna Corp. in settling with the doctors. The agreement still must be approved by a federal judge in Miami, Humana said.
BUSINESS
May 7, 2005 | From Bloomberg News
Health insurer Humana Inc. and Virgin Group Ltd. said they would form a partnership to sell health insurance and develop Virgin-branded health clubs. Financial terms weren't disclosed. The health clubs and insurance would be connected so that users could win discounted healthcare or Virgin products such as airline tickets and music if they met targets for keeping themselves healthy, the companies said.
BUSINESS
November 2, 2004 | From Associated Press
Industrial conglomerate Tyco International Ltd. swung to a profit on a double-digit jump in sales and lower one-time charges compared with the same quarter a year earlier. Net income rose to $454 million, or 22 cents a share, for its fiscal fourth quarter ended Sept. 30. Excluding one-time charges totaling $524 million, or 23 cents a share, net income would have been 45 cents a share. Tyco, based in Pembroke, Bermuda, but run from West Windsor, N.J.
BUSINESS
August 3, 2004 | From Bloomberg News
Tenet Healthcare Corp., the second-largest U.S. hospital chain, reached a two-year contract with Humana Inc. that gives the insurer's members continued access to Tenet's 15 hospitals and diagnostic centers in south Florida. The contract replaces an agreement that expired Sunday, the companies said. Terms weren't disclosed.
BUSINESS
April 30, 2002 | Bloomberg News
Humana Inc.'s first-quarter profit rose 75% as the operator of health plans for the U.S. government and employers controlled costs and left unprofitable markets. Net income rose to $46.8 million, or 28 cents a share, matching estimates. Sales rose 9.5% to $2.6 billion. Humana closed unprofitable plans with employers and canceled some contracts funded by government health insurance programs Medicare and Medicaid.
BUSINESS
December 1, 1995 | Times Staff and Wire Reports
Aetna May Buy FHP or PacifiCare, Analysts Say: Aetna Life & Casualty Co. is expected to use the $4 billion it receives from the sale of its property and casualty unit to buy a health maintenance organization. Aetna, the largest publicly traded U.S. life insurer, might buy any of two California-based HMOs--FHP International Corp. or PacifiCare Health Systems Inc.--or Humana Inc. with the proceeds from the sale to Travelers Group Inc., analysts said.
BUSINESS
October 30, 2001 | Bloomberg News
Humana Inc., the No.2 operator of Medicare health plans, said third-quarter earnings rose 30% as it left unprofitable markets. Net income rose to $30 million, or 18 cents a share, from $23 million, or 14 cents, a year earlier. Revenue fell 1% to $2.61 billion. Humana has raised premiums by more than 15% in some markets to catch up with rising medical costs.
BUSINESS
September 22, 2001 | Bloomberg News
Humana Inc., which provides health insurance for 6 million people, doesn't have to pay $79.8 million in damages for cutting off some coverage to an 8-year-old girl with cerebral palsy, a Florida appeals court ruled. The 4th District Court of Appeal threw out the jury award to Caitlyn Chipps and her family after finding the judge made glaring errors in his jury instructions on damages and his post-trial rulings.
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