Here are the most recent first quarter 2017 and 2016 earnings for each of these 10 largest Kentucky Publicly-held Companies.
|1Q 17||1Q 17|
|Calendar||US GAAP||US GAAP||Net||Net|
|Market Caps Above $1 Bil||HQs||HQs||FYE||End||(Loss)||(Loss)||(Worse)||(Worse)|
|$ mils||$ mils||$ mils||%|
|All But Humana|
|Ashland Global Holdings||Covington||KY||Dec16||Mar||102||87||15||17%|
|Texas Roadhouse Inc||Louisville||KY||Dec16||Mar||36||37||(1)||-3%|
|Tempur Sealy Intl||Lexington||KY||Dec16||Mar||32||39||(7)||-18%|
|Papa John's Intl Inc||Louisville||KY||Dec16||Mar||30||28||2||7%|
|Stock Yards Bancorp Inc||Louisville||KY||Dec16||Mar||11||10||1||10%|
|Total all 9 But Humana||713||1,020||(307)||-30%|
|Total all 10||1,828||1,274||554||43%|
When you want to understand how Mitch McConnell legislates, you follow the money.
Mitch McConnell's Close Ties To Humana's Founder
Three of Top 5 Contributors To Mitch McConnell Are Health Care Companies
In McConnell's case, Louisville, Kentucky-based Health Insurer Humana generated most-recent First Quarter 2017 Earnings of $1.115 Bil, which was 61% of the First Quarter 2017 Total Earnings of Kentucky's 10 largest Companies.
Also, Humana's First Quarter 2017 Earnings increased by 339% over the First Quarter 2016.
How did Kentucky's other 9 largest Companies perform in the most recent First Quarter 2017?
Well, their Total Earnings Declined by 30%. And all 9 of them are very fine Companies. I have to wonder what McConnell is doing to help the earnings of these 9 Kentucky Companies?
In nearly his entire career in the US Congress, Health Insurer Humana has dominated McConnell's thinking, thus his richly earned "Humana" nickname.
Interestingly under the McConnell US Senate version of Trumpcare, the huge economic benefits received by Humana from the much higher Insurance Premium Revenues and by the massive Income Tax cuts effective January 1, 2017 (yeah, retroactively) that both Humana and their top executives would receive are paid for by the massive reduction in Medicaid health care benefits of Kentucky's many poor. It's that simple. Robin Hood in Reverse!