A federal government delay in paying bills affected cash flow at Humana Inc. during the second quarter.
Here is a summary of the earnings report issued by Humana:
Humana Inc., Louisville, Ky.
2 Q 2008 Results
NET INCOME: $290 million
REVENUE: $14 billion
MEDICAL MEMBERS: 11.5 million
2 Q 2007 Results
NET INCOME: $288 million
REVENUE: $13 billion
MEDICAL MEMBERS: 11.3 million
- Enrollment in commercial plans that Humana has owned for more than a year increased 4%.
- Enrollment in the HumanaOne individual and family health coverage program increased 45%.
- The amount of cash flow provided by operations fell to $104 million, from $477 million, partly because the federal government waited until July to pay $257 million in Medicare premiums that were due June 30, Humana reports.