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Stock Market & Financial Investment News

News Breaks
January 23, 2014
05:13 EDTHNTHealth Net, CMS, DHCS complete dual eligible contract for Los Angeles, San Diego
Health Net announced that its wholly owned subsidiary, Health Net Community Solutions, has entered into a contract with the Centers for Medicare & Medicaid Services, or CMS, and the California Department of Health Care Services, or DHCS, for the dual-eligible demonstration in Los Angeles and San Diego counties. Under the terms of the contract, Health Net will provide managed care services in both Los Angeles and San Diego counties under the duals demonstration portion of Californiaís Coordinated Care Initiative, known as Cal MediConnect. The company expects to begin implementation of its Cal MediConnect coverage in both counties no earlier than April 1. The demonstration is expected to improve care coordination and health outcomes for those who are eligible for both Medi-Cal and Medicare.
News For HNT From The Last 14 Days
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July 24, 2014
10:03 EDTHNTOn The Fly: Analyst Upgrade Summary
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08:51 EDTHNTHealth Net upgraded at BofA/Merrill
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06:50 EDTHNTConsumers received $9B in refunds from health insurers, The Hill says
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06:37 EDTHNTHealth Net upgraded to Buy from Underperform at BofA/Merrill
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July 22, 2014
13:46 EDTHNTCourt upholds Obamacare subsidies, NY Times says
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10:43 EDTHNTAppeals 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.

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