Humana reports lower 4Q earnings

Humana reports lower 4Q earnings

There are 1 comment on the The Associated Press story from Feb 2, 2009, titled Humana reports lower 4Q earnings . In it, The Associated Press reports that:

Health insurer Humana Inc. reported a 28 percent drop in fourth-quarter profit Monday, driven by higher claim expenses from its stand-alone Medicare prescription drug plans, lower investment income and a loss in its commercial business.

The company again predicted a big turnaround in the next year, forecasting earnings per share in the range of $5.90 to $6.10 for 2009, compared with $3.83 for the year just ended.

Humana said it earned nearly $174.1 million, or $1.03 per share, for the three months ended Dec. 31, compared with earnings of $243.2 million, or $1.43 per share, in the year-ago period. The results came in below an average forecast of $1.07 per share by analysts polled by Thomson Reuters.

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“Apply directly until it hurts”

Since: May 07

San Jose, CA

#1 Feb 2, 2009
Economist Milton Friedman famously said, "You can't have free immigration and a welfare state." He was correct. You can't flood our American cities with illegal marginal workers -- and, for example, provide good healthcare for everyone. Studies have shown poorer US citizens receive more from government than they contribute. In our free-market system, it is the large, literate and productive American middle class who contribute more than they receive. And it is their productivity that raises the living standards of poor. The vast majority of illegals compete directly with our most vulnerable white, Hispanic, and African American citizens, suppressing their wages and increasing their hardship. A country's quality of life varies directly with the contribution of its population.

Peoples Ability Varies

In Mexico only 13% of adults have a high school diploma versus 87% of American adults. PISA reading and mathematics test scores for Mexicans taught these subjects in Spanish are just as bad, if not worse, than those educated in the US. PISA officials estimate over 50% of Mexican 15-year old youth today are functionally illiterate and thus unable to compete in Mexico's economy. _and_

Latin American students perform poorly on national and international tests, and even the best Latin American students tested often score only as well as the 'average' student in the most competitive economies. In fact, PISA tests have shown 2/3s of Mexican students could not consistently apply basic mathematical skills to understand an everyday situation while only about 20 percent of students in OECD countries showed similar deficiencies.
Building Human Capital - Is Latin American Education Competitive-.pdf

This has obvious ramifications for federal plans for universal healthcare. The US obviously cannot afford to provide quality healthcare to Americans while granting amnesty to illegals who have little grasp of disease prevention, unless you define healthcare as only an aspirin and a warm Coca Cola. Canada has a large immigration program and guaranteed health care for everyone, including foreigners who are legal residents. Canada does not tolerate illegal immigration. It can't afford to extend its expensive benefits to people who don't belong there.

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