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Stock Market & Financial Investment News

News Breaks
February 8, 2013
09:00 EDTMOHMolina Healthcare rises 6.1%
Molina Healthcare is up 6.1%, or $1.77, to $30.64
News For MOH From The Last 14 Days
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February 23, 2015
19:40 EDTMOHLeerink healthcare services analyst holds an analyst/industry conference call
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12:21 EDTMOHOn The Fly: Midday Wrap
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11:10 EDTMOHHealth 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 EDTMOHCMS releases preliminary Medicare Advantage rates for 2016
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February 20, 2015
08:51 EDTMOHMolina Healthcare estimates raised above Street at Sterne Agee
Sterne Agee raised its 2015 EPS estimate for Molina to $3 from $2.13 and increased its 2016 EPS estimate for the company to $4 from $2.95. The firm thinks the company's medical cost results will be better than its current guidance.
February 18, 2015
06:56 EDTMOHObamacare enrollment exceeded goal, Politico reports
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February 13, 2015
08:24 EDTMOHMolina Healthcare price target raised after analyst day to $70 at Wedbush
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February 12, 2015
08:36 EDTMOHMolina Healthcare sees FY15 adjusted EPS $4.60, consensus $2.54
Including items, sees FY15 EPS $2.35. Sees FY15 total revenue $14.3B, consensus $13.6B.

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