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Stock Market & Financial Investment News

News Breaks
March 25, 2013
08:05 EDTWCG, OCROmnicare, WellCare partner to improve health outcomes in long-term care market
Omnicare (OCR) and WellCare Health Plans (WCG) announced an agreement to provide Medication Therapy Management services to WellCare beneficiaries residing in long-term care facilities to improve health outcomes. The Affordable Care Act requires prescription drug plan sponsors to offer MTM services to eligible beneficiaries that include, at a minimum, an annual Comprehensive Medication Review that must be furnished person-to-person or using telehealth technologies. The CMR must include a review of the beneficiary's medications, which may result in the creation of a medication action plan with a written or printed summary of the results of the review provided to the targeted beneficiary. Beginning January 1, the offer of the CMR to all eligible beneficiaries includes enrollees who are in the LTC setting.
News For OCR;WCG From The Last 14 Days
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July 2, 2015
07:57 EDTWCGKentucky Medicaid contracts in-line with expectations, says Leerink
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07:45 EDTWCGWellCare selected to continue serving Kentucky Medicaid Managed Care program
WellCare Health Plans announced that the Kentucky Cabinet for Health and Family Services selected WellCare of Kentucky to continue serving the Commonwealth's Medicaid Managed Care program in all eight of the program's regions. The new contract begins on July 1 and is for one year. It may be extended for four additional one-year renewals at the Commonwealth's discretion. As of March 31, WellCare serves approximately 441,000 Medicaid members, 6,000 Medicare Advantage plan members and 21,000 Medicare Prescription Drug Plan members in Kentucky.
June 25, 2015
11:06 EDTWCGHospitals, insurers climb after Supreme Court rules on ACA subsidies
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10:11 EDTWCGACA 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 23, 2015
10:40 EDTOCRCVS Health sees Omnicare transaction closing by end of year
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June 22, 2015
06:37 EDTWCGHealth insurers may change policies based on King v. Burwell ruling, NYT says
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June 19, 2015
10:09 EDTWCGFly Watch: Supreme Court may release key ACA decision soon
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