I think a lot of people are buying this stock thinking a big company will buy Maximus out. The reality is that the company desperately tried to sell itself a 2 years ago and no one wanted the company after the name Maximus almost became synonymous with incompetence. Unfortunately in the last few years the company has only become worse. With rampant fraud, nepotism, cronyism and incompetence.
Just got a letter of denial (medicare appeal) from them.... the signature looks like from a 4 years old child. Wonder if employees can read a complaint or remember whose paying........ taxpayer .............. not the insurance industry! On page 4 of their Manual "The Medicare Health Plan bears the burden to show why the denial is appropriate. Therefore, missing information is reasonably construed to the enrollee’s favor"