Humana had a clear goal in 2018: Get in with the big boys. CEO Bruce Broussard emphasized closer health-focused ties with retail giants Walgreens and Walmart, two companies that serve an outsize number of older Americans with Medicare or Medicare Advantage plans. The latter is Humana’s bread and butter, and the strategy is twofold: Serve clientele who fill their prescriptions at such locations as well as those who frequent in-store clinics. The company’s annual revenue grew more than $6 billion last year, and its operating income also received a substantial boost thanks to the tax cut passed at the end of 2017, which led Humana to pay $1.2 billion less in federal taxes last year.
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This is your Data Sheet newsletter for Tuesday, April 2, 2019.
The court decision is expected to be appealed and won't affect 2019 health care plans.
Healthcare segment adds a boost.