On the Line: Humana CEO Michael McCallister
Cramer has been behind Humana since Mad Money debuted nearly three years ago and those who bought it when he first recommended it would have caught a double. Humana is “the best managed care company in the country,” he said, but between President Bush’s new budget and a new president less than a year away, the healthcare company stands at a precipice.
Speaking to Cramer by phone on Monday’s show, Humana CEO Michael McCallister declined to say which of the candidates he thinks would be best suited to manage the country’s healthcare challenges, but did say that, whoever it is, they will have a “significant problem” in contending with dramatically rising Medicare costs. McCallister said he hopes the next president will take advantage of the private sector to increase productivity as one way to fix the country’s healthcare system.
Cramer said Humana’s 4% drop on Monday – purely profit-taking after the company reported a great quarter – represents the perfect buying opportunity for this best-in-show name.
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