WASHINGTON, Dec 12- The Obama administration asked insurers on Thursday to be flexible with Americans trying to buy new health policies through the federal website HealthCare.gov, as officials race to fix problems still plaguing the enrollment process.
*Aetna CEO says will not extend canceled policies further. Aetna is the largest insurer yet to announce a decision on how it would proceed across the United States after President Barack Obama said last month that insurers could extend these health plans under a temporary transitional policy.
The Obama administration announced a new series of measures to get as many people as possible are covered Obamacare insurance by Jan. 1.
Some of Thursday's midday movers:
Dec 12- Aetna Inc's CEO said on Thursday that the time frame is too short for the U.S. health insurer to go through the regulatory processes it needs to reinstate or extend canceled health plans and that it will not be doing so. CEO Mark Bertolini made the comments at an investor meeting where he gave an update on how the insurer is affected by the U.S.
NEW YORK, Dec 12- As a deadline approaches for people to sign up for medical insurance under President Barack Obama's healthcare law, some insurers and state-run online marketplaces are giving shoppers an extra week to pay their first premiums.
WASHINGTON, Dec 9- The U.S. Supreme Court on Monday left intact a $142 million jury verdict against Pfizer Inc over the company's marketing of the epilepsy drug Neurontin.
Officials want companies to get a bigger share of a pot of reinsurance money that will cover their costs from high-claim enrollees.
Fears about cost burdens from sicker patients increased when President Barack Obama introduced a "fix" to fulfill his promise to let people who like their existing insurance plans keep them. Insurance went on sale on Oct. 1 and goes into effect on Jan. 1.
The widely believed notion in the market that Obamacare would be bad for insurance stocks has been the wrong call, said Barclays health-care analyst Joshua Raskin
Some of the names on the move ahead of the open.
The rollout of Obamacare has been "absolutely chaotic" and the law itself is flawed, said former Bush HHS Secretary Tommy Thompson.
Health-care stocks are surging amid the confusion of Obamacare. Apparently, investors don't see the current morass as problematic at all.
NEW YORK, Nov 14- Insurers and state regulators say that President Barack Obama's "fix" for policies canceled under his healthcare reform law will create new problems for the industry and could lead to an increase in premiums.
President Obama's administrative fix for health insurance cancellations seems simple enough. But for the insurance industry, it's anything but easy.
NEW YORK, Nov 14- Insurers and state regulators say they fear that President Barack Obama's "fix" for policies canceled under his healthcare reform law could create new problems and lead to an increase in premiums.
Oct 31- The hundreds of thousands of Americans whose individual insurance policies will be canceled as Obamacare takes full effect next year are experiencing a disruptive element of healthcare reform, the head of health insurer Cigna said on Thursday.
Cigna, which reported third-quarter profit that beat analysts' expectations on Thursday, has both a U.S. and overseas health insurance business and also sells disability and life insurance. Cigna said that diversification will help it next year, which it expects to be challenging because of broad changes in the healthcare industry.
In some 2014 open enrollment documents, companies are specifically citing the law as a factor for employees' costs rising.
Cigna, which provides U.S. and overseas health insurance as well as disability and life insurance, said it expected full-year earnings of $6.70 to $6.90 per share. The company said the results reflected continued medical cost management and a lower operating expense ratio that were partly offset by some pressure on its private Medicare plans for older people.