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Stock Market & Financial Investment News

News Breaks
October 17, 2012
09:16 EDTCNCCentene initiates terminational of Medicaid contract with Kentucky
Centene announced that its subsidiary, Kentucky Spirit Health Plan, has notified the Cabinet for Health and Family Services that it is exercising a contractual right that it believes allows Kentucky Spirit to terminate its Medicaid managed care contract with the Commonwealth of Kentucky effective July 5, 2013. In addition, Kentucky Spirit has filed a formal dispute with the Cabinet for damages incurred under the contract. Consistent with the steps taken as mentioned above to terminate the Kentucky contract effective July 5, 2013, Centene anticipates recording a pre-tax premium deficiency reserve ranging from $60M-$70M related to the Kentucky operations in the quarter ended September 30.
News For CNC From The Last 14 Days
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June 25, 2015
11:06 EDTCNCHospitals, insurers climb after Supreme Court rules on ACA subsidies
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10:11 EDTCNCACA tax subsidies upheld by Supreme Court
The decision of the Fourth Circuit was affirmed in King v. Burwell by a vote of 6 to 3, according to multiple media reports. The Supreme Court upholding the lower court ruling means that individuals who get health insurance through an exchange established by the federal government will be eligible for tax subsidies in all 50 states. Publicly traded companies in the health insurance space include Aetna (AET), Anthem (ANTM), Centene (CNC), Cigna (CI), Health Net (HNT), Humana (HUM), Molina Healthcare (MOH), UnitedHealth (UNH) and WellCare (WCG). Publicly traded companies in the hospital space include Community Health (CYH), HCA Holdings (HCA), LifePoint (LPNT), Tenet (THC) and Universal Health (UHS).
June 22, 2015
06:37 EDTCNCHealth insurers may change policies based on King v. Burwell ruling, NYT says
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June 19, 2015
10:09 EDTCNCFly Watch: Supreme Court may release key ACA decision soon
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June 18, 2015
07:51 EDTCNCIncrease in 3R backstop most positive for Humana, says Leerink
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