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Stock Market & Financial Investment News

News Breaks
July 1, 2014
16:37 EDTWCGWellCare announces Florida MMA rate decrease
In a regulatory filing, WellCare disclosed that on June 25, WellCare received from the State of Florida’s Agency for Health Care Administration, AHCA, executed Amendment No. 1 to Contract No. FP020, the Florida MMA Contract, between AHCA and WellCare of Florida, a wholly-owned subsidiary of the company which governs the services WellCare of Florida provides under the Managed Medical Assistance component, the MMA program, of Florida’s Statewide Medicaid Managed Care program. Amendment No. 1, which is effective as of June 1, amends and restates Attachments I and II of the Florida MMA Contract to, among other things, reflect an estimated overall 2.2% decrease in the rates payable to WellCare of Florida under the Florida MMA Contract. The rates were amended to reflect changes in the MMA implementation schedule and certain other factors. The company noted, "We estimate that the rate changes will not have a significant impact on our gross margin. The amended rates were reflected in the company’s financial outlook for the year ended December 31 as updated on May 6."
News For WCG From The Last 14 Days
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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 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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