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net reported $X.XX of year of For share. EPS revenue billion, per the full XXXX, $XX.X income and we million, $X.X net of
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quarter, the initiatives million over have in fourth claims recovered $X internal using external payments, claims integrity resources. During and both over our
Additional also opportunities recovery have been identified.
financial we the expectations. market XXXX. momentum team, consistent quarter, And of efforts the over our have of result third for into heading our improved quarter Virginia results a the our with As fourth
[ph] a the improved earnings approximately versus of on margin would revenue in or in million base X%] to context, result XXXX. [X% of approximately $XXX pre-tax $XX projected segment achieving X% profit For million
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during retention carve-out In our quarter. a the addition, XXX% we had rate fourth business specialty in
working drug our for lower cost also our in pharmacy. of formulary retail improvements sold areas goods cost are our several including acquisition to We management pharmacy network, through and
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operating million to $XX $X in XX improvement $XX XX an to costs, resulting are in additional on We targeting of to our next years. million two basis the points billion three
and turn written rule. formulary the Human and X, published Now, a Late managed management within PBM rebate proposed remove as environment. let care, and the rule draft of material Part current and Department proposed the have XXXX. scope under largely The Medicaid commercial effective our me which business to the U.S. Medicare does that payer safe concentrated business. the of will rebates currently not is the Magellan's is outside the protection markets, January D impact month, Services regulatory harbor for drug last regulations prescription Health to employer
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to our and working goals drug lower to policy reducing committed are with the administration out-of-pocket and achieve shared of makers costs. We prices
proposal shifting We increase by that spending costs. billion as rule XX%, premiums suggest only are and actually in Estimates will federal $XXX much as increase state may decade. proposed billion concerned pharmacy it HHS the by that the result Medicare the would by for and a beneficiaries spending as $X drug-spend over as overall much
for negative taxpayers and impact if to on We our share proposal be concern are finalized. encouraged this both and potential stakeholders that were Congress other consumers
from We in are hears will public the HHS public weeks. that coming - it once the in from reconsider hopeful the
their have company experience turn and business to with just added skills up over among and the independent interest to management investment, direction. recent Health our representing new five past the the all last than the and Magellan Jon, directors of the directors in shareholders to we've and Starboard the Starboard's perspectives. election. to board directors our diversified as understand the value strategic shareholders. board's We and we've team I been these seriously, the with of management committed Five remain Board call take relevant want acting The address changes the years, best Two half began the director support I to the of dialog board views have Starboard in year and members. evolved the Fund. Magellan's of directors composition been the our Magellan's and the more team of of new added a Magellan in nine joined Board for following to are for members briefly We Value nominations recent Before
to with open all remain also reaching agreement of serves the Magellan We shareholders. interest Starboard an that
We present the directors will more and said results the hand call election to statement. respect company's discuss the in to recommendation outlook the over I board's will detail. our of with With that proxy in Jon? Jon
