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Stock Market & Financial Investment News

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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July 25, 2014
07:00 EDTWCGWellCare downgraded to Market Perform from Outperform at Raymond James
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06:40 EDTWCGWellCare downgraded to Market Perform from Outperform at Wells Fargo
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July 24, 2014
18:15 EDTWCGWellCare down 20% after Q2 earnings and lowering FY14 guidance
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18:13 EDTWCGWellCare lowers FY14 EPS guidance to $2.20-$2.50 from $4.40-$4.75
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18:09 EDTWCGWellCare reports Q2 adjusted EPS (7c), may not compare to consensus 90c
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10:03 EDTHNTOn The Fly: Analyst Upgrade Summary
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08:51 EDTHNTHealth Net upgraded at BofA/Merrill
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06:50 EDTCI, HUM, WLP, UNH, WCG, HNT, AETConsumers received $9B in refunds from health insurers, The Hill says
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06:37 EDTHNTHealth Net upgraded to Buy from Underperform at BofA/Merrill
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July 22, 2014
13:46 EDTWLP, HNT, HUM, CI, WCG, UNH, AETCourt upholds Obamacare subsidies, NY Times says
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10:43 EDTWCG, HUM, UNH, CI, WLP, HNT, AETAppeals court bars subsidies in health care law
A three-judge panel of the D.C. Circuit Court of Appeals struck down part of President Obama's healthcare law by siding today with plaintiffs who argued that the law barred the government from giving subsidies to people in states that chose not to set up their own insurance marketplaces. The appeals court stated, "Because we conclude that the ACA unambiguously restricts the section 36B subsidy to insurance purchased on Exchanges 'established by the State,' we reverse the district court and vacate the IRSís regulation." Twenty-seven states decided against setting up marketplaces, and another nine states partially opted out, according to the Washington Post.
July 21, 2014
11:02 EDTUNHUnitedHealth, Banner Health Network announce collaboration
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July 18, 2014
16:47 EDTUNHMarket ends week higher as earnings, M&A offset geopolitical tensions
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08:45 EDTUNHUnitedHealth price target raised to $94 from $84 at Oppenheimer
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July 17, 2014
16:52 EDTUNHOn The Fly: Closing Wrap
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13:18 EDTUNHOn The Fly: Midday Wrap
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09:13 EDTUNHUnitedHealth expects improving environment in 2016 and beyond
Expects to expand up to two dozen state exchanges in 2014. Project 6% commercial medical cost trend for 2016, with costs in line with company's plan and remains moderate. Expects margins to reach 7% this year, in line with original forecast. Expects Optum revenue to accelerate in 2H14, and particularly in Q4. Comments taken from Q2 earnings conference call.
06:18 EDTUNHUnitedHealth reports Q2 Optum revenue $11.7B
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06:18 EDTUNHUnitedHealth raises low end of FY14 EPS to $5.50-$5.60 from $5.40-$5.60
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06:18 EDTUNHUnitedHealth reports Q2 EPS $1.42, consensus $1.26
Reports Q2 revenue $32.57B, consensus $32B
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