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Stock Market & Financial Investment News

News Breaks
April 7, 2012
18:04 EDTAETAetna selected for new Ohio Medicaid contract
Aetna Better Health of Ohio, an Aetna health plan that administers benefits for Medicaid members, has been selected by the Ohio Department of Job and Family Services, ODJFS, to administer services in Ohio. The contract will be effective January 1, 2013. Approximately 1.6 million individuals are eligible for Ohio’s Medicaid Managed Care Program statewide. Aetna Better Health was one of five managed care organizations selected to administer the program, which serves the Covered Families and Children, CFC, Medicaid program and the Aged, Blind and Disabled, ABD, population.
News For AET From The Last 14 Days
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March 4, 2015
09:54 EDTAETAetna not reimbursing Exact Sciences for more than what law requires, says Maxim
Maxim said it views Exact Sciences' (EXAS) pact with Aetna (AET) for coverage for the Cologuard test for Medicare Advantage members as an incremental positive and the firm expects other insurers to follow Aetna's lead. However, the firm thinks the announcement indicates Exact Sciences has had talks with Aetna about reimbursement, but the insurer still isn't reimbursing for anything more than what the law requires of them. Maxim recommends shares be sold on the strength and reiterates its Sell rating on Exact Sciences.
07:57 EDTAETExact Sciences says Aetna Medicare Advantage to cover Cologuard
Exact Sciences (EXAS) announced that Aetna (AET) will cover Cologuard under its Medicare Advantage plan, reaching 967,000 members across the country. The three year agreement will go into effect on April 1. Cologuard is the first and only FDA approved noninvasive stool-based DNA screening test for colon cancer. The test will be available to Aetna’s Medicare Advantage members through their physician without a co-payment or co-insurance.
06:39 EDTAETNo preparations under way for elimination of some subsidies, NY Times says
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February 24, 2015
13:23 EDTAETAetna, Virtua Medical Group expand relationship
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February 23, 2015
19:40 EDTAETLeerink healthcare services analyst holds an analyst/industry conference call
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12:21 EDTAETOn The Fly: Midday Wrap
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11:10 EDTAETHealth insurers rise after CMS releases preliminary Medicare Advantage rates
The shares of a number of health insurers are rising after the Centers for Medicare and Medicaid Services, or CMS, issued preliminary 2016 Medicare Advantage rates. According to Credit Suisse, the rates were favorable for health insurers. WHAT'S NEW: On Friday after the market closed, CMS issued a proposal for 2016 Medicare Advantage rates. The rates are preliminary and could change when CMS announces the final 2016 rates on April 6 of this year, the agency noted. In a note to investors earlier today, Credit Suisse analyst Ralph Giacobbe estimated that, under CMS' initial proposal, insurers would see rate changes of between -1% and +1%, depending on the risk that each insurer faces. The preliminary rates were "favorable" for insurers, since the rates were "in-line if not slightly better" than investors had expected, the firm stated. Moreover, CMS decided not to restrict at-home health risk assessments, as had been feared, and agreed to reduce the weighting of certain risk factors that had hurt previously certain plans with a higher proportion of low-income beneficiaries, acceding to a request by insurers. Insurers with the highest exposure to Medicare Advantage include Humana (HUM), UnitedHealth (UNH), and WellCare (WCG), the analyst stated. WHAT'S NOTABLE: After analyzing CMS' proposal, health insurer Aetna (AET) estimated that the proposal would cause government funding for its Medicare Advantage business to decline by about 1% in 2016. Aetna added that it is continuing to evaluate the changes outlined in the Advance Notice and their impact on the company and its Medicare Advantage members. OTHERS TO WATCH: Other publicly traded health insurance companies include Anthem (ANTM), AMERIGROUP (AGP), Centene (CNC), Cigna (CI), Health Net (HNT), Healthspring (HS), and Molina Healthcare (MOH). PRICE ACTION: In mid-morning trading, Humana climbed 5.3% to $164.43, UnitedHealth rose 2.6% to $115.56, WellCare gained 6.3% to $90, Aetna advanced 2% to $99.91, and Centene added 3.4% to $61.93.
09:03 EDTAETAetna sees preliminary CMS rates to lower funding for MA business 1% in 2016
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08:05 EDTAETCMS releases preliminary Medicare Advantage rates for 2016
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February 20, 2015
08:41 EDTAETInsurers should be bought on weakness related to MA rates, says BMO Capital
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February 18, 2015
06:56 EDTAETObamacare enrollment exceeded goal, Politico reports
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