Humana Inc. is well-positioned to handle challenges posed in the next couple years as the health care overhaul unfolds, according to several analysts who cover the health insurer.
During the Louisville, Ky., company's meeting with investors Tuesday, the insurer focused on the value of its Medicare Advantage coverage, among other things, Leerink Swann analyst Jason Gurda said in a research note.
Medicare Advantage plans are privately run versions of the government's Medicare program for the elderly and the disabled. They make up a large portion of Humana's business compared to other insurers. Humana is the second-largest provider of Medicare Advantage plans, behind UnitedHealth Group Inc.
Gurda said in his note that he believes the stock is a bargain, and the insurer's earnings will grow faster than the earnings of peers that have a more diverse insurance product portfolio.
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