Aug 2, 2017

Humana's profit engine: Medicare

Richard Drew / AP

Humana's stock jumped 4.5% Wednesday after the health insurance company more than doubled its second-quarter earnings to $650 million. Profit in the first half of the year was almost $1.8 billion, thanks in part to the termination fee Humana received from Aetna following their failed merger. Humana's market cap is now around $35 billion, which would make it harder for a competing insurer to buy it.

The bottom line: Humana's profit is growing like gangbusters because its primary health plan business, Medicare Advantage, coincides with the rapid aging of the country's baby boomers. Humana has almost 3.3 million people in one of its Medicare Advantage plans and another 5.2 million in its Medicare prescription drug plans.

Worth noting: Humana is ditching the Affordable Care Act's individual exchanges, but the company collected a $118 million profit from ACA plans in the second quarter.

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The growing coronavirus recession threat

Illustration: Aïda Amer/Axios

In just a matter of weeks, top economists and investment bank analysts have gone from expecting the coronavirus outbreak to have minimal impact on the U.S. economy to warning that an outright recession may be on the horizon.

What's happening: The spread of confirmed coronavirus cases in Europe, the Middle East and the U.S., and the speed at which they are being discovered has set the table for the outbreak to have a larger and much costlier impact.

Mass shooting in Milwaukee: What we know

Milwaukee Mayor Tom Barrett in 2012. Photo: John Gress/Corbis via Getty Images

Six people died in a shooting at the Molson Coors Brewing Company in Milwaukee on Wednesday, including the gunman, Mayor Tom Barrett told reporters at a Wednesday evening press conference with local police.

Details: All of the victims worked at the brewery complex, as did the shooter who died of "an apparent self-inflicted gunshot wound," police confirmed in a statement late Wednesday.

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Coronavirus updates: South Korea case count tops 2,000

Data: The Center for Systems Science and Engineering at Johns Hopkins, the CDC, and China's Health Ministry. Note: China numbers are for the mainland only and U.S. numbers include repatriated citizens.

33 people in California have tested positive for the coronavirus, and health officials are monitoring 8,400 people who have recently returned from "points of concern," Gov. Gavin Newsom said Thursday.

The big picture: COVID-19 has killed more than 2,850 people and infected over 83,000 others in some 50 countries and territories. The novel coronavirus is now affecting every continent but Antarctica, and the WHO said Wednesday the number of new cases reported outside China has exceeded those inside the country for the first time.

Go deeperArrowUpdated 8 hours ago - Health