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Stock Market & Financial Investment News

News Breaks
August 21, 2014
16:09 EDTCICigna expects to reaffirm FY14 income guidance of $1.94B-$2.0B
Cigna Corporation officials expect to participate in meetings and events with investors and analysts over the next several weeks, including the Morgan Stanley Global Healthcare Conference. During these meetings, company officials expect to reaffirm projected FY14 consolidated adjusted income from operations, which remains in the range of $1.94B-$2.0B. Company officials also expect to reaffirm projected 2014 global medical customer growth, excluding limited benefits, of approximately 1%-2% over year end 2013. In connection with U.S. health care reform legislation, the company ceased offering limited medical benefits products effective December 31, 2013. Therefore, in determining medical customer growth expectations for 2014, the company has excluded these products from the year end 2013 customer numbers.
News For CI From The Last 14 Days
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November 14, 2014
16:52 EDTCIGreenlight Capital gives quarterly update on stakes
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November 12, 2014
08:58 EDTCIManaged Care earnings risk low from King vs. Burwell, says Leerink
Leerink believes the Supreme Court decision to the King vs. Burwell case carries low earnings risk for Managed Care companies. The case to determine the legality of Exchange subsidies administered by the Federal Government carries less than 2% and 3% of earnings risk for 2014 and 2015 estimates, respectively, Leerink believes. The firm says Humana (HUM) and Cigna (CI) are currently losing money on Exchanges, and thus could benefit from any Federal Exchange membership loss. Leerink lists Aetna (AET), Centene (CNC), WellPoint (WLP) and Molina Healthcare (MOH) as being most impacted.
November 11, 2014
12:55 EDTCIWorkarounds to likely protect insurers from Supreme Court decision, says Wedbush
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November 10, 2014
06:29 EDTCICigna to restructure HIV prescription drug benefits, WSJ reports
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November 7, 2014
14:14 EDTCIACA subsidies look likely to be upheld, says UBS
After the Supreme Court agreed to hear a lawsuit challenging the government's right to pay ACA subsidies through the federal exchange, UBS says "it seems quite likely" that the subsidies will be upheld. The firm says that most experts expect a majority of justices to adopt the view that the law's intent was to expand coverage as widely as possible. Publicly traded hospital owners include Community Health (CYH), HCA Holdings (HCA), LifePoint Hospitals (LPNT), Tenet (THC) and Universal Health (UHS).Publicly traded health insurers include AMERIGROUP (AGP), Aetna (AET), Centene (CNC), Cigna (CI), Health Net (HNT), Healthspring (HS), Humana (HUM), Molina Healthcare (MOH), UnitedHealth (UNH), WellCare (WCG) and WellPoint (WLP).

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