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Stock Market & Financial Investment News

News Breaks
February 8, 2013
11:56 EDTCTRX, CICigna may kepp its PBM, says Wedbush
Wedbush believes Cigna (CI) will keep its PBM following recent job positing and strategic hires to help develop a multi-year PBM strategy and build an exchange-friendly product in 2013. Catamaran (CTRX) was thought to be the likely buyer and would be able to use the additional volumes in its unit cost negotiations with pharmaceutical manufacturers.
News For CI;CTRX From The Last 14 Days
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February 27, 2015
16:38 EDTCICigna to reaffirm FY15 consolidated adjusted income from operations forecast
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09:53 EDTCICigna management to meet with JPMorgan
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February 26, 2015
06:25 EDTCTRXCatamaran to acquire Healthcare Solutions for $405M
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06:05 EDTCTRXCatamaran sees FY15 adjusted EPS $2.45-$2.60, consensus $2.59
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06:04 EDTCTRXCatamaran reports Q4 adjusted EPS 67c, consensus 61c
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February 25, 2015
15:05 EDTCTRXNotable companies reporting before tomorrow's open
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February 24, 2015
13:23 EDTCTRXLeerink healthcare technology analyst holds analyst/industry conference call
Healthcare Tech & Distribution Analyst Larsen discusses th 2016 Pharmacy Benefits Management (PBM) selling season, the impact of the Hep C PBM formulary negotiations on the selling season and specialty drug trend and areas of opportunity for PBMs on an Analyst/Industry conference call to be held on March 5 at 2 pm.
08:05 EDTCTRXCatamaran price target raised to $61, risk/reward attractive, says Credit Suisse
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07:04 EDTCIUroplasty announces positive coverage decision for tibal nerve stimulation
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February 23, 2015
19:40 EDTCILeerink healthcare services analyst holds an analyst/industry conference call
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12:21 EDTCIOn The Fly: Midday Wrap
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11:10 EDTCIHealth 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.
08:05 EDTCICMS releases preliminary Medicare Advantage rates for 2016
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February 20, 2015
08:41 EDTCIInsurers should be bought on weakness related to MA rates, says BMO Capital
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February 18, 2015
07:57 EDTCICigna management to meet with UBS
Field trip to company headquarters to be held in Bloomfield, CT on February 18 hosted by UBS.
06:56 EDTCIObamacare enrollment exceeded goal, Politico reports
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