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Stock Market & Financial Investment News

News Breaks
June 26, 2014
10:34 EDTAETAetna expands relationship with WESTMED Medical Group
Following the results of the first year of their patient-centered medical home program Aetna and WESTMED Medical Group will expand their relationship to include a Medicare Collaborative Care Agreement. The results of the first year of the medical home agreement showed that WESTMED physicians reduced hospital admissions among their patients by more than 35%. The results, reflecting care provided to 5,650 Aetna members, also showed a reduction in patient visits to the emergency department, a reduction in hospital readmissions, and an increase in the use of generic instead of more costly brand name alternatives.
News For AET From The Last 14 Days
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July 22, 2014
13:46 EDTAETCourt upholds Obamacare subsidies, NY Times says
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10:43 EDTAETAppeals 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 10, 2014
07:11 EDTAETAetna, WellPoint top large-cap Managed Care picks at Jefferies
Jefferies calls Aetna (AET) and WellPoint (WLP) its favorite large-cap picks in the Managed Care space, with Health Net (HNT) its favored name in the small to mid-cap space. The firm believes the market is already expecting strong Q2 results from the sector, and it downgraded UnitedHealth (UNH) to Hold from Buy on valuation and below-peer earnings growth. Jefferies has Buy ratings on Aetna, Health Net, Molina Healthcare (MOH) and WellPoint.
06:23 EDTAETHealth insurers moving away from fee for service model, NY Times reports
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July 9, 2014
12:56 EDTAETAetna names Harold L. Paz, M.D., M.S. as Chief Medical Officer
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