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News Breaks
April 8, 2014
10:18 EDTAET, HUM, UNH, UAM, WCG, CI, HNT, WLPCMS says Medicare Advantage reimbursement to rise in 2015
The Centers for Medicare & Medicaid Services announced Medicare Advantage and prescription drug rates for 2015. The agency estimated that its payments for Medicare Advantage beneficiaries would rise slightly, versus its previous estimate that such payments would fall. A Medicare Advantage Plan is a type of health plan offered by a private company that contracts with Medicare to provide subscribers with Part A and Part B benefits. WHAT'S NEW: CMS reimbursements for Medicare Advantage beneficiaries will rise 0.4%, CMS estimated, compared to a February proposal that contemplated a 1.9% cut. ANALYST REACTION: In a note to investors earlier today, FBR Capital analyst Steven Halper wrote that the final Medicare Advantage rates are a positive for health insurers with significant exposure to such plans. Companies in this category include Aetna (AET), Humana (HUM), and UnitedHealth (UNH), said Halper. He kept Outperform ratings on Aetna and United Health and a Market Perform rating on Humana. Another research firm, Leerink, said it views the "biggest positive" from the final rates that the CMS announced last night as the delay in the proposal to eliminate in home Health Risk Assessments to support reimbursement for high risk seniors. Leerink thinks the final rates are favorable for MA plans and estimates the positive impact in order: Humana, Universal American (UAM), WellCare (WCG), UnitedHealth, Cigna (CI), Aetna, Health Net (HNT) and WellPoint (WLP). PRICE ACTION: In early trading, Aetna rose fractionally to $72.70, UnitedHealth lost 0.6% to $80.59, Humana sank 1.8% to $109.95, and Universal American added 2c to $7.16.
News For AET;HUM;UNH;UAM;WCG;CI;HNT;WLP From The Last 14 Days
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October 16, 2014
17:02 EDTUAMCamber Capital Management reports 5.68% passive stake in Universal American
09:29 EDTUNHUnitedHealth contines to see stable trends across businesses
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09:23 EDTUNHOn The Fly: Pre-market Movers
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09:12 EDTUNHUnitedHealth expects top, bottom-line growth acceleration in next two years
Says seeing steady progress across all businesses. Believes products well positioned locally. Says on-course to participate in 2 dozen state exchanges in FY15. Says consensus estimates for FY15 outlook are "well calibrated". Says "feels good" about the company's FY15 position. Expects to grow meaningfully at sustainable margins in FY15. Expects to grow earnings across the board for FY15. Says all of its businesses are better positioned for FY15 as opposed to FY14. Says Obamacare exchange business is expected to be profitable in FY15. Says Optum unit sales will be above targets. Says will grow y just under 1M Medicaid members this year. Comments made during the company's Q3 earnings conference call.
08:37 EDTWCGWellCare receives NCQA quality accreditation for Medicaid, Medicare plans in KY
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06:10 EDTUNHUnitedHealth reports Q3 Employer & Individual revenue $10.6B
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06:08 EDTUNHUnitedHealth: Affordable Care Act reduced Q3 by 80 basis points
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06:07 EDTUNHUnitedHealth sees FY14 EPS $5.60-$5.65, consensus $5.58
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06:01 EDTUNHUnitedHealth reports Q3 EPS $1.63, consensus $1.53
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October 15, 2014
15:28 EDTUNHNotable companies reporting before tomorrow's open
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13:52 EDTAETAetna will not renew contract for Delaware Medicaid program
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07:27 EDTWLPModern Healthcare to hold a virtual conference
Building Tomorrow's Delivery Model: Forging a Path to Value is being held on October 15 at 9:30 am. Webcast Link
October 14, 2014
10:01 EDTCIOn The Fly: Analyst Downgrade Summary
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08:40 EDTCICigna downgraded at Sterne Agee
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07:05 EDTUNHUnitedHealth October volatility elevated into Q3 and guidance
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05:49 EDTCICigna downgraded to Neutral from Buy at Sterne Agee
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October 13, 2014
07:39 EDTHUMPharmaceutical Care Management Association to hold annual meeting
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07:15 EDTUNHNational Association of Corporate Directors to hold a conference
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October 9, 2014
08:03 EDTWLP, AETWellPoint named top Managed Care pick at Jefferies
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06:33 EDTUNHMaximus appoints Kelly Clark as new Chief Information Officer
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