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Stock Market & Financial Investment News

News Breaks
April 9, 2012
10:42 EDTUNH, AGP, WCG, MOH, AET, CNCMedicaid pure-plays decline after losing Ohio Medicaid contracts
Ohio said on Friday that it had selected Aetna (AET) and United Healthcare (UNH) to provide service to Ohioans enrolled in Medicaid beginning on January 1, 2013. The state decided not to renew the contracts of Medicaid pure-plays Amerigroup (AGP), Centene (CNC), Molina Healthcare (MOH), and WellCare (WCG). In a note to investors today, Deutsche Bank wrote that Ohio's decision is disappointing for the pure-plays, especially given the large, mature and profitable nature of the Ohio Medicaid market. However, Deutsche believes that Ohio's decision will likely have the most negative impact on Molina, but be more manageable for the other three companies. The firm notes that Ohio was Molina's largest single health plan market in 2011 and accounted for nearly 22% of its premium revenue. Deutsche adds that Ohio accounted for 7% of the total 2011 enrollment of Centene and WellCare, and less than 3% of Amerigroup's Q4 enrollment. Centene said that it would "formally protest" the state's decision, while Molina stated in an SEC filing that it's "evaluating whether to pursue" an appeal. In mid-morning trading, Molina plunged 24.36% to $26.48, Amerigroup slid 4.63% to $64.33, Centene lost 13.25% to $44.08, and WellCare sank 6.32% to $69.55.
News For MOH;AGP;CNC;WCG;UNH;AET From The Last 14 Days
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November 26, 2014
07:39 EDTCNCCentene Indiana contract win a modest positive, says Credit Suisse
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07:08 EDTUNHUnitedHealth to host investor conference
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November 21, 2014
16:36 EDTAETMarket ends week higher as domestic data, foreign central banks boost shares
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14:27 EDTAETAetna raises quarterly dividend 11%, authorizes additional $1B share buyback
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14:26 EDTAETAetna raises quarterly dividend 11%, authorizes additional $1B share buyback
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08:01 EDTCNCCentene jv selected to provide correctional healthcare In Vermont
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November 19, 2014
10:21 EDTCNCHigh option volume stocks
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November 17, 2014
07:16 EDTAETMilken Institute--Faster Cures to hold a conference
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