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Stock Market & Financial Investment News

News Breaks
January 22, 2013
09:04 EDTWCG, AETWellCare to acquire Aetna's Missouri care, terms not disclosed
WellCare (WCG) announced that it has entered into an agreement to acquire Missouri Care, a subsidiary of Aetna (AET). WellCare anticipates that the transaction will close in the next 90 days. Because WellCare has not provided financial guidance for 2013 at this time, the company is not providing financial information regarding the Missouri Care transaction or its potential impact on 2013 financial results.
News For WCG;AET From The Last 14 Days
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July 24, 2014
06:50 EDTWCG, AETConsumers received $9B in refunds from health insurers, The Hill says
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July 22, 2014
13:46 EDTAET, WCGCourt upholds Obamacare subsidies, NY Times says
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10:43 EDTAET, WCGAppeals 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 10, 2014
07:11 EDTAET, WCGAetna, 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 EDTWCG, AETHealth insurers moving away from fee for service model, NY Times reports
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