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Stock Market & Financial Investment News

News Breaks
February 20, 2014
06:42 EDTWLP, MOH, HNTMore than 700,000 enrolled in California Obamacare plans
Covered California and the California Department of Health Care Services announced yesterday that as of Jan. 31, more than 1.6M Californians had signed up for either Covered California health insurance plans or for low-cost or no-cost Medi-Cal. Nearly half of those covered 728,410 Californians selected a Covered California health insurance plan, the agencies added. This strong enrollment trend is extending into February, where in the first two weeks more than 100,000 individuals enrolled in Covered California, increasing the cumulative total enrollment in Covered California to 828,638, they stated. Companies providing plans under the auspices of Covered California, which operates California's Obamacare exchange, include Wellpoint (WLP), HealthNet (HNT), and Molina Healthcare (MOH).
News For WLP;HNT;MOH From The Last 14 Days
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March 3, 2015
07:16 EDTHNTCowen to hold a conference
35th Annual Health Care Conference is being held in Boston on March 2-4 with webcasted company presentations to begin on March 3 at 8 am; not all company presentations may be webcasted. Webcast Link
March 2, 2015
07:20 EDTHNTCowen to hold a conference
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February 23, 2015
19:40 EDTMOH, HNTLeerink healthcare services analyst holds an analyst/industry conference call
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12:21 EDTMOH, HNTOn The Fly: Midday Wrap
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11:10 EDTHNT, MOHHealth insurers rise after CMS releases preliminary Medicare Advantage rates
The shares of a number of health insurers are rising after the Centers for Medicare and Medicaid Services, or CMS, issued preliminary 2016 Medicare Advantage rates. According to Credit Suisse, the rates were favorable for health insurers. WHAT'S NEW: On Friday after the market closed, CMS issued a proposal for 2016 Medicare Advantage rates. The rates are preliminary and could change when CMS announces the final 2016 rates on April 6 of this year, the agency noted. In a note to investors earlier today, Credit Suisse analyst Ralph Giacobbe estimated that, under CMS' initial proposal, insurers would see rate changes of between -1% and +1%, depending on the risk that each insurer faces. The preliminary rates were "favorable" for insurers, since the rates were "in-line if not slightly better" than investors had expected, the firm stated. Moreover, CMS decided not to restrict at-home health risk assessments, as had been feared, and agreed to reduce the weighting of certain risk factors that had hurt previously certain plans with a higher proportion of low-income beneficiaries, acceding to a request by insurers. Insurers with the highest exposure to Medicare Advantage include Humana (HUM), UnitedHealth (UNH), and WellCare (WCG), the analyst stated. WHAT'S NOTABLE: After analyzing CMS' proposal, health insurer Aetna (AET) estimated that the proposal would cause government funding for its Medicare Advantage business to decline by about 1% in 2016. Aetna added that it is continuing to evaluate the changes outlined in the Advance Notice and their impact on the company and its Medicare Advantage members. OTHERS TO WATCH: Other publicly traded health insurance companies include Anthem (ANTM), AMERIGROUP (AGP), Centene (CNC), Cigna (CI), Health Net (HNT), Healthspring (HS), and Molina Healthcare (MOH). PRICE ACTION: In mid-morning trading, Humana climbed 5.3% to $164.43, UnitedHealth rose 2.6% to $115.56, WellCare gained 6.3% to $90, Aetna advanced 2% to $99.91, and Centene added 3.4% to $61.93.
08:05 EDTHNT, MOHCMS releases preliminary Medicare Advantage rates for 2016
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February 20, 2015
08:51 EDTMOHMolina Healthcare estimates raised above Street at Sterne Agee
Sterne Agee raised its 2015 EPS estimate for Molina to $3 from $2.13 and increased its 2016 EPS estimate for the company to $4 from $2.95. The firm thinks the company's medical cost results will be better than its current guidance.
February 18, 2015
06:56 EDTHNT, MOH, WLPObamacare enrollment exceeded goal, Politico reports
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