I got this as a part of a bulk e-mail from NAHU tonight. Apparently, they are in the process of preparing detailed comments on behalf of the NAHU members. Here is the full story: On September 15, The Centers for Medicare and Medicaid Services (CMS) released rules containing marketing requirements for health insurance producers selling private Medicare Advantage plans [...]
Archive for November 14th, 2008
NAHU to Comment on CMS’ Interim Final Rule
Posted in CMS on November 14, 2008 | 10 Comments »
WellCare Shares Plunge as Insurer Seeks New Funding
Posted in Insurance Companies, Wellcare on November 14, 2008 | 6 Comments »
Yesterday’s 50%+ drop in stock price seems to revolve around a myriad of issues: Debt is coming due in 6 months as they are in default on $153.2 million loan facility. Company is working with Goldman-Sachs to raise capital. This is problem is compounded by #’s 2, 3, 4 and 5 below which may create difficulty [...]
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Craig Ritter
