Humana Drives Away Medicare Advantage, TPG Going Public

Strange Tony,

Our hospice waits for Humana to decide the method it plans to use to ditch us for a huge chunk of change (yet again).  Humana's stock is taking a beating today, down $80 per share due to Medicare Advantage enrollees dumping Humana coverage during Medicare's recent open enrollment period.  

For 2021, most Humana MA members will also have access to Go365, the insurer's health and wellness program that rewards users for improving their healthy behaviors.

Extrinsic rewards often demotivate people, the exact opposite of their intention.  Did that contribute to people switching away from Humana MA plans?

Eligible MA members will also have access to Humana at Home, a program in which they will be provided with a personal care manager who will reach out regularly with education and assistance in accessing resources to assist with medication, transportation and other needs.

How many of those who left Humana had the same personal care manager for the whole year?  Turnover in that position could motivate those with coverage to leave.  

Hopefully CEO Bruce Broussard will explain why so many insureds walked away from Humana's offerings in his upcoming earnings call.  A little color on that would be helpful.

TPG Capital, our former 30% owner, plans to go public.  Financial rapscallion founders will make billions from their equity stakes in the company, but that isn't near enough.

TPG's top dealmakers will force the buyout firm to pay them the cash value of tax savings it expects to receive, currently estimated to be worth $1.44 billion, in the years following its initial public offering (IPO)

These obscenely wealthy individuals pay taxes at a lesser rate thanks to the U.S. Congress.

Congress never passed into law proposed legislation that would have taxed payments made through tax receivable agreements as ordinary income. 

I know how TPG and Humana harmed our hospice after buying Kindred at Home in July 2018.   Our owners were quite skilled in driving away talented, dedicated hospice employees.  It is not surprising they did so with their customers as well.

Anonymous