Medicare advantage rates unchanged will cause them to miss yoy in regards to profit expectations since the increase never happened, but was already priced in. The other issue is the cyber attack, but only if they are found negligent. I do believe this will be the case once more details of the hack are released.
One cause I've been seeing is from a software they use. There was an urgent patch release that needed to be done asap as it prevented hackers from remoting in due to a security flaw in the app. Change was hacked a couple days after the release of the urgent patch, so this might be why hackers were able to infect their servers vs spam mail. If so, then get ready for lawsuit payouts. It will also be interesting to see how many customers left Change as the company I worked for moved to a new vendor. That's $50k a month they lost from the company I work for. If others did the same then another hit to their yoy comparison.
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