Here is the article. Coventry is still profitable. They had some issues with the health plans they purchased from Florida not doing as well as they anticipated with their individual health and commercial business (Vista and Summit). They are seeing higher than expected MLR’s (Medical Loss Ratios) on their Private Fee for Service business. It seems that the Medicare HMO/PPO business is performing well.
Coventry’s stock, like almost every other Health Insurer, is trading near it’s 52-week low.
Don’t forget they have our commissions now !!!!!