Universal American Corporation (UAM) Deutsche Bank Securities Health Care Conference Call May 7, 2012 9:20 am ET Executives Robert A. Waegelein – Executive Vice President and Chief Financial Officer Analysts Scott J. Fidel – Deutsche Bank Securities, Inc. PresentationScott J. Fidel – Deutsche Bank Securities, Inc.
Okay good morning. I’m Scott Fidel with Deutsche Bank. Very pleased to have our first managed care presentation today from Universal American. Universal American is a operator specializing in the Medicare managed care market and focusing on the senior populations in general. Here from the company today we have Bob Waegelein. Bob is Chief Financial Officer. So with that I’ll turn over to Bob. Robert A. Waegelein Thank you Scott good to see you. Thank you for showing up today folks and welcome your participation and let’s end with your questions. Moving on to slide 3, this is sort of our strategic opportunity slide where you remember Universal American built itself in developing programs that service the senior population primarily since the mid-air market. We develop products like Medicare supplement. When those times change we adjusted and got Medicare Vantage plans and then sort the opportunity is actually a Medicare Part D. The Drug insurance program and built up very valuable, profitable I think good shareholder value type of program to those offerings. About a year ago, just over year ago last month we saw the Part D business, I think a very share holder popular fashion, and now we are looking to see what’s our next act and that’s where the right hand of the slide comes in, the Medicaid market. We have build a good business on game sharing medical management with providers. We are looking to see how we can play in the Medicaid market, a growing need that’s happening around the states and a very troubled population. You will see how we are going to address that opportunity as I go through the presentation.