Top executives of Coca-Cola, Bank of America, Aetna and others will unveil a new initiative in Washington Tuesday at the Bipartisan Policy Center.» Read More
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.
Some of the names on the move ahead of the open.
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.
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.
The Fed meets for two days, starting Tuesday, and is widely expected to taper back its monthly bond buying program by another $10 billion to $25 billion - and do little else.
A crush of big cap earnings and arguably the most important economic reports until September make next week the busiest of the summer for markets.
Some of Tuesday's midday movers:
July 17- UnitedHealth Group Inc, after wading cautiously into Obamacare insurance exchanges this year, on Thursday vowed to become a major player, participating in as many as two dozen state exchanges in 2015 and growing from there.
Visiting a doctor online, which is also known as telemedicine, is gaining support among insurers and employers, and for good reason.
Capitalizing on industry changes due to Obamacare, Oscar offers health insurance and telemedicine visits to customers through its website.
NEW YORK, June 17- The venture capital arm of Japan's SoftBank Corp is investing in enterprise mobile company Kony Inc, Kony said in a statement on Tuesday. SoftBank Capital will lead the $50 million financing round, Kony's largest to date, with existing and new investors including Insight Venture Partners, Telstra Ventures and Georgian Partners.
SoftBank Capital is expected to lead the $50 million financing round, Kony's largest to date, with a group of existing and new investors including Insight Venture Partners, Telstra Ventures and Georgian Partners, the sources told Reuters. Representatives for Telstra Ventures and Georgian Partners were not immediately available for comment.
CHICAGO, June 16- Well before Medtronic Inc and Covidien Plc announced their $43 billion merger, the two medical device makers had reached common conclusions about how they needed to change. U.S.-based Medtronic on Sunday said it would buy Covidien and moving its executive headquarters to Ireland to take advantage of lower corporate tax rates.
June 11- Health insurer Aetna Inc is submitting premium rates to regulators for Obamacare insurance plans for 2015 that generally increase less than 20 percent from 2014, its Chief Executive Officer Mark Bertolini said on Wednesday.
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Mobile health can be part of a cure for rising insurance costs. Here are six preventative health apps that can help consumers and employers.
Three major insurers and a nonprofit group are planning to launch an online tool that will tell consumers the prices of medical procedures.
May 1- U.S. health insurer Cigna Corp on Thursday said that early enrollees in new plans created under President Barack Obama's healthcare law used medical services more than it expected, confirming early forecasts it would lose money on the business in 2014..
*Yelp shares up in premarket as revenue jumps. Health insurer Cigna Corp reported first-quarter earnings that beat expectations, following similarly positive results from competitors WellPoint Inc and Aetna Inc. Textron Inc's earnings fell from the prior year while revenue was nearly flat.