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WellCare began operations in 1985 in Tampa, Florida as a Medicaid provider for the State of Florida. [3] In 1992, Kiran Patel, a cardiologist and entrepreneur, purchased the company. [4] [5] In 2002, Patel sold it to a New York investment group led by George Soros and Todd Farha. [5] Also in 2002, Todd Farha joined the company as CEO. [6] [7]
In 1982, Community General Hospital was renamed Humana Hospital-Pasco. [5] In late July 1992, Champion Healthcare Corp. from Houston started the process to purchase Humana Hospital-Daytona Beach, Humana Hospital-Pasco and Humana Hospital-Sebastian from Humana, [6] but by early November they changed their mind about purchasing them. [7]
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]
The state’s Medicare Advantage plan allows members to see out-of-network providers for the same out-of-pocket costs as in-network providers, as long as they accept Medicare.
TAMPA, Fla.--(BUSINESS WIRE)-- Humana Inc. (NYS: HUM) announced today that the Florida Agency for Health Care Administration (AHCA) has selected Humana to participate in its managed Long-Term Care ...
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In 1752, Benjamin Franklin founded the first American insurance company as Philadelphia Contributionship.In 1820, there were 17 stock life insurance companies in the state of New York, many of which would subsequently fail.
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