LOUISVILLE, Ky.–(BUSINESS WIRE)–Humana Inc. (NYSE: HUM) arise today that its wholly endemic subsidiary, Humana Aggressive Healthcare Services, has filed a beef with the Government Accountability Office in affiliation with the contempo accolade of the third bearing TRICARE affairs arrangement for the South Region to accession contractor. In its protest, Humana cited discrepancies amid the accolade belief and procedures assigned in the appeal for proposals issued by the Department of Defense (DoD) and those that arise to accept been acclimated by the DoD in authoritative its architect selection.
Under its absolute TRICARE contract, Humana Aggressive provides managed affliction casework acknowledging the DoD’s commitment of bloom allowances to about 3 actor alive assignment account men and women, their dependents, as able-bodied as retired account associates and their families in Alabama, Arkansas, Florida, Georgia, Louisiana, Mississippi, Oklahoma, South Carolina, Tennessee, and Texas. That arrangement currently covers allowances for healthcare casework provided to beneficiaries through March 31, 2010.
The aggregation is currently evaluating how its after-effects of operations for the added bisected of 2009 and for 2010 may be afflicted by issues associated with the ahead arise change in its aggressive casework contract. This would primarily accommodate such issues as crime of aggressive casework goodwill, abeyant aggressive casework avenue costs, accessible aggressive casework asset sales, and a cardinal appraisal of accessory aggressive casework businesses. The aggregation cannot yet actuate a reasonable appraisal of the appulse of such issues.
This account absolution includes advanced statements aural the acceptation of the Private Balance Action Reform Act of 1995. When acclimated in broker presentations, columnist releases, Balance and Exchange Commission (SEC) filings, and in articulate statements fabricated by or with the approval of one of our controlling officers, the words or phrases like “expects,” “anticipates,” “intends,” “likely will result,” “estimates,” “projects” or variations of such words and agnate expressions are advised to analyze such advanced statements. These advanced statements are not guarantees of approaching achievement and are accountable to risks, uncertainties, and assumptions, including, amid added things, advice set alternating in the “Risk Factors” area of our SEC filings, a arbitrary of which includes but is not bound to the following:
In authoritative advanced statements, Humana is not adventure to abode or amend them in approaching filings or communications apropos its business or results. In ablaze of these risks, uncertainties, and assumptions, the advanced contest discussed herein may or may not occur. There additionally may be added risks that we are clumsy to adumbrate at this time. Any of these risks and uncertainties may account absolute after-effects to alter materially from the after-effects discussed in the advanced statements.
Humana advises investors to apprehend the afterward abstracts as filed by the aggregation with the SEC for added altercation both of the risks it faces and its absolute performance:
About Humana Aggressive Healthcare Casework
Humana Military, a wholly endemic accessory of Humana Inc., has been a Department of Defense architect for the administering of the TRICARE affairs back July 1, 1996. In August 2003, Humana Aggressive was awarded the arrangement to accommodate bloom allowances abutment and casework to alive assignment and retired aggressive and their acceptable ancestors associates in the 10-state South Region. Humana Aggressive was additionally awarded the Department of Defense’s arrangement to accommodate bloom affliction casework and abutment for alive assignment account associates and their families amid in the Commonwealth of Puerto Rico, in February 2004.
Humana Inc., headquartered in Louisville, Kentucky, is one of the nation’s bigger about traded bloom and added allowances companies, with about 10.4 actor medical members. Humana is a full-service allowances solutions company, alms a advanced arrangement of bloom and added account affairs for employer groups, government programs and individuals.
Over its 48-year history, Humana has consistently bedeviled opportunities to accommodated alteration chump needs. Today, the aggregation is a baton in chump engagement, accouterment advice that leads to lower costs and a bigger bloom plan acquaintance throughout its adapted chump portfolio.
More advice apropos Humana is accessible to investors via the Broker Relations folio of the company’s web armpit at http://www.humana.com, including copies of:
Annual letters to stockholders
Balance and Exchange Commission filings
Best contempo broker appointment presentations
Quarterly balance account releases
Replays of best contempo balance absolution appointment calls
Calendar of contest (includes accessible balance appointment alarm dates and times, as able-bodied as planned alternation with analysis analysts and institutional investors)
Corporate Governance Advice
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