July 30- Allstate Corp, the largest publicly traded home and auto insurer in the United States, reported a 48.6 percent rise in quarterly profit as net written premiums rise and operating expenses fall.» Read More
Mark Bertolini, Aetna chairman & CEO, shares his thoughts on the Affordable Care Act. You have to have a more affordable system, says Bertolini.
July 30- U.S. health insurer WellPoint Inc on Wednesday reported a decline in second-quarter profit, but its closely watched medical costs as a percentage of premiums ratio improved and it beat Wall Street estimates. WellPoint beat Wall Street expectations because this ratio was less than foreseen, Leerink Partners analyst Ana Gupte said in a research note.
Mark Bertolini, Aetna chairman & CEO, discusses the company's quarterly results and the impact of the Affordable Care Act.
July 30- U.S. health insurer Humana Inc said on Wednesday that second-quarter profit fell due to investments in the exchanges created under President Barack Obama's healthcare reform law as well as costly new hepatitis C drug treatments. Humana said membership growth and a lower share count due to stock buybacks had helped offset some of the new costs.
It still beat Wall Street expectations, and the nation's second-biggest health insurer raised its profit expectations for the year. For the three months ended June 30, WellPoint's net income declined to $731.1 million, or $2.56 per share, from $800.1 million, or $2.64 per share, in the same quarter a year earlier.
July 30- U.S. health insurer Humana Inc said on Wednesday that second-quarter profit fell due to investments in the insurance exchanges created under President Barack Obama's healthcare reform law as well as costly new hepatitis C drug treatments. Humana said membership growth and share buybacks had helped offset some of the new costs.
July 30- U.S. health insurer WellPoint Inc said on Wednesday that profit fell in the second quarter, partly because of some higher administrative costs stemming from the healthcare reform law and new fees, but it still came in ahead of Wall Street estimates.
DETROIT— The four-door Mini Cooper Countryman was the only one of 12 cars to earn a top rating of "good" in new frontal crash tests. The Nissan Leaf, Nissan Juke, Fiat 500 L and Mazda5 wagon all fared worst in the tests performed by the Insurance Institute for Highway Safety, an Arlington, Va.- based safety group that's funded by insurers.
July 29- Aetna Inc, the third-largest U.S. health insurer, reported a rise in medical costs on Tuesday, raising investor concerns that a long run of low growth in such costs might be ending and pushing shares in the industry lower.
Accountancy firm Deloitte LLP was appointed receiver of the skyscraper this year after one of the building's owners, Germany's Immobilien AG, went into bankruptcy protection. IVG and Evans Randall bought the tower in early 2007 for 600 million pounds from insurer Swiss Re, a record at the time for a building in London's financial district, known as the City.
DETROIT— Ally Financial Inc. on Tuesday reported a second-quarter profit after posting a loss in the same period a year ago as more people deposited money into its bank and demand for auto loans increased.
NEW YORK, July 29- Ally Financial Inc reported a bigger-than-expected quarterly profit on Tuesday as auto lending jumped 11 percent to the second-highest level in the company's history. The former financing arm of General Motors Co said it had earned $323 million, or 54 cents per share, in the second quarter.
July 29- Aetna Inc, the third-largest U.S. health insurer, on Tuesday reported a higher second-quarter profit, helped by last year's acquisition of Medicare and Medicaid provider Coventry Health Care. Aetna reported net income of $549 million, or $1.52 per share, up from $536 million, or $1.49 per share, a year earlier.
Aetna's second-quarter profit climbed more than 2 percent, as gains from an acquisition helped the health insurer top expectations and raise its 2014 earnings forecast again.
July 29- Aetna Inc, the third-largest U.S. health insurer, said on Tuesday that its second-quarter profit rose, helped by the acquisition of Medicare and Medicaid provider Coventry last year. Aetna reported net income of $549 million, or $1.52 per share, up from $536 million, or $1.49 per share, a year earlier.
WASHINGTON— A $1,000- per-pill drug that insurers are reluctant to pay for has quickly become the treatment of choice for a liver-wasting viral disease that affects more than 3 million Americans. In less than six months, prescriptions for Sovaldi have eclipsed all other hepatitis C pills combined, according to new data from IMS Health.
Insurance companies are hurting from the high cost of hepatitis C drug Sovaldi. Arthur Caplan, NYU Langone Medical Center, and CNBC's Bertha Coombs, share their opinions.
CNBC's Bertha Coombs reports which insurance stocks are hurting from the high cost of hepatitis C Sovaldi.
CNBC's Bertha Coombs reports which insurance stocks are feeling the pressure from high drug costs. FMHR trader Stephen Weiss advises investors to stick with Gilead.
SANTA FE, N.M.— New Mexico decided Friday to stick with a federal online system for another year to enroll individuals in health insurance plans. A majority of board members worried that New Mexico wasn't ready to switch to a state-run online system for individuals.
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