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Stock Market & Financial Investment News

News Breaks
May 7, 2014
07:37 EDTWCGWellCare price target raised to $85 from $75 at Stifel
Stifel increased its price target on WellCare after the company reported higher than expected Q1 adjusted EPS. The firm keeps a Buy rating on the shares.
News For WCG From The Last 14 Days
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July 6, 2015
10:25 EDTWCGWellCare may be target in industry consolidation, Harrington says
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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).

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