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Stock Market & Financial Investment News

News Breaks
February 5, 2014
07:02 EDTMOHMolina unit awarded contract to participate in project
Molina Healthcare announced that its wholly owned subsidiary, Molina Healthcare of California, has been selected to contract with the California Department of Health Care Services and the Centers for Medicare and Medicaid Services to participate in Los Angeles County as a direct contractor in the Cal MediConnect program, often referred to as the Duals Demonstration. The commencement of the Duals Demonstration in Los Angeles County is subject to readiness review of Molina Healthcare of California and the execution of a three-way agreement among Molina Healthcare, DHCS, and CMS. In addition to serving duals in Los Angeles County, Molina has previously signed three-way contracts to participate in the Duals Demonstration in Riverside, San Bernardino, and San Diego counties. As part of Californiaís Coordinated Care Initiative, referred to as Cal MediConnect, DHCS will passively enroll beneficiaries in Los Angeles County directly into Molina Healthcare no sooner than July 2014.
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July 22, 2014
13:46 EDTMOHCourt upholds Obamacare subsidies, NY Times says
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10:43 EDTMOHAppeals 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.
July 14, 2014
07:22 EDTMOHHealthcare Education Associates to hold a conference
4th Annual RISE California Summit to be held in San Diego on July 13-15.
July 10, 2014
07:11 EDTMOHAetna, WellPoint top large-cap Managed Care picks at Jefferies
Jefferies calls Aetna (AET) and WellPoint (WLP) its favorite large-cap picks in the Managed Care space, with Health Net (HNT) its favored name in the small to mid-cap space. The firm believes the market is already expecting strong Q2 results from the sector, and it downgraded UnitedHealth (UNH) to Hold from Buy on valuation and below-peer earnings growth. Jefferies has Buy ratings on Aetna, Health Net, Molina Healthcare (MOH) and WellPoint.
06:23 EDTMOHHealth insurers moving away from fee for service model, NY Times reports
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