Costco Stock Sets Up Amid Medicare Advantage News
Costco stock rose near an early entry buy signal amid news its will sell co-branded Medicare Advantage plans, expanding its array of services.
I'm really disappointed in Costco. The quality of products I use has noticably dropped, they still haven't fixed their chicken CAFO issues of filth and inhumane treatment of birds, Orgain protein powder tested high in lead and other heavy metals, which is still on Costco shelves, and for which Costco is under a class-action lawsuit filing, and now this.
People dependent on SNAP benefits still can't shop online, even though they may be in a food desert, with the only transportation (if mobility isn't an issue) option may be Uber, which is expensive (my nephew's girlfriend pays about $27 for a three-mile ride home from work at 01:00, in a midsize city on the underserved side of town, since my nephew's car was stolen), and delivery/instacart may be the most cost-effective option. But Costco is willing to sell junk, overpriced insurance, which costs all customers and taxpayers more, so line go up. Additionally, the employees seem more stressed. I ran in to a different than normal warehouse after an appointment nearby recently, and the two kids who probably make more than I do, including benefits (if they are still offered at a reasonable price) were surly and careless, almost breaking my eggs, while one of the nicest employees at my regular Costco has been having health concerns, and worries if he can keep his job.
My membership expires at the end of the month. I'll have to research what else is going on and if it's worth the cost of membership, plus a one or two hour ride to my two nearest stores, but I'm down to one share of one stock (because I like their politics, treatment of employees and customers, including offshore employees, and because they offer a good product), and it's not Costco.
If you love Costco like I do, please consider writing the CEO's office, and Board of Directors, and expressing any disappointments, including selling junk insurance to their customers. Thanks for reading this far.
https://www.investors.com/news/costco-stock-medicare-advantage-partnership/Open linkView original on kbin.earth
5 replies
As I get older I'm starting to learn about Medicare and the add-on products like Medi-gap (aka Medicare Supplement Insurance) or Medicare Advantage (aka Medicare Part C). All the names look kind of similar, but their are drastic differences between them.
When I was young I had always thought the dream of Medicare was: as soon as you are eligible for Medicare you get it, and its free, and you don't have to pay for healthcare again. It is not that AT ALL.
Its certainly better and cheaper health insurance than anything most of us has access to under the age of 65, but its still insurance with different percentages it pays for different medical services and leaves you with a substantial portion to pay out-of-pocket after Medicare has paid its bit. Everyone aged 65 and older can buy Medicare as your health insurance, and you should! Its a great deal!
However, understand medical costs don't end when you're paying your monthly Medicare premium payments. This is where Medi-gap or Medicare Advantage comes in. If you can afford it pay for Medi-gap. If you can't afford Medi-gap, you might consider Medicare Advantage, but just understand you'll likely have lots of difficulty getting medical coverage because its essentially a private company HMO model, but worse.
I am disappointed Costco is putting their name on a Medicare Advantage product. I won't touch Medicare Advantage with a 10 foot poll, but I also recognize I have the luxury of affording Medi-gap instead and many don't.
And?
Articles about stock prices are fucking worthless. Stock is down on the day and week
What in the fuck is a value of an article explaining why it "went up", when it's down on the day?
And my point wasn't about the stock value, but about the company's lack of values.