May. 13 at 12:57 AM
$CNC IMHO their medical loss ratio only dropped IMHO because Medicaid patients were scared to show up for medical appointments due to ICE , now that ICE is gone medical cost ratios head back higher as the pent up demand for services for those Medicaid patients that were scared of ICE to show up for appointments now start seeking services again kind of like when Covid hit and they didn't show up for services - I don't think it's due to good cost management control IMHO so the
$45 price target drop to from today's levels appears sound & the way HMOs make their financials look better is to reserve less for medical costs unbilled and unpaid in the system IMHO - but this run up will be a volatile up and down from here not a straight up thing anymore !!!