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Humana pulled out of the acquisition after United stock dropped $2.9 billion in value. [9] In 2001, Humana was a cofounder of Avality. [10] In 2005, Humana entered into a business partnership with Virgin Group, offering financial incentives to members for healthy behavior, such as regular exercise. [11]
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In 2010 UnitedHealth Group hired nine different lobbying firms to work on its behalf. [105] In addition, its corporate political action committee (PAC), called United for Health, spent an additional $1 million on lobbying activities. [106] UnitedHealth Group subsequently spent $4.11 million to $4.75 million from 2011 to 2021. [104]
Since July 2024, he has been chief executive officer (CEO) of Humana, a healthcare company. [1] Rechtin is a Kentucky native. [2] He earned a bachelor's degree from DePauw University, and an MBA from Harvard Business School. [3] Rechtin worked for Bain & Company for over a decade, and was then president of UnitedHealth Group's subsidiary Optum. [1]
In 1989, was vice president of Humana, before being promoted to president in 1992. In 1996, he was the division president of the firm's Texas, Florida, and Puerto Rico operations, before becoming CEO of Humana in February 2000. [6] With a total compensation of $14.13 million in 2010, McCallister ranked 66th on the Forbes executive pay list. [4]
DI insurance replaces income lost while the policyholder is unable to work during a period of disability (in contrast to medical expense insurance, which pays for the cost of medical care). [142] For most working age adults, the risk of disability is greater than the risk of premature death, and the resulting reduction in lifetime earnings can ...
Medicare.gov logo. Medicare Advantage (Medicare Part C, MA) is a type of health plan offered by private companies which was established by the Balanced Budget Act (BBA) in 1997.
According to Humana, in the years preceding 2015 it chose to focus more on primary care than on Concentra's work on occupational injuries. [6] In a press release, Humana stated that "Concentra's operations did not ultimately align with Humana's strategy as well as we had originally anticipated." [7]