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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.
David Cordani, Cigna, president & CEO, says the health care system needs to evolve and improve affordability and quality for all.
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.
Some of the names on the move ahead of the open.
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. Cigna's report comes after larger competitor Aetna Inc missed analysts' earnings expectations earlier this week, in part because of funding cuts in private Medicare.
Oct 31- Cigna Corp said on Thursday that its third-quarter profit rose due to revenue growth and as it managed medical costs in its commercial business, and the results beat analysts' expectations. The company reported net income of $553 million, or $1.95 per share, up from $466 million, or $1.61 per share, a year earlier.
The Fed will continue with $85 billion monthly securities purchases but spooked markets by not mentioning its financial concerns cited in September.
They are UnitedHealth Group Inc, Cigna Corp, Aetna Inc, Humana Inc and WellPoint Inc.
Oct 29- Aetna Inc on Tuesday missed analysts' expectations for third-quarter profit and said 2014 would be challenging because of the uncertain costs of the health reform law and cuts in government funding for private Medicare plans. Aetna cut its exchange footprint in the summer, pulling out of Maryland, New York and New Jersey among other states.
Bulls face a trio of challenges: The Fed, earnings from some big names and delayed data due to the shutdown. Will they keep running or lie down?
Talking Squawk looks at Kid Rock calling out Madonna on Detroit, Carl Icahn's Apple obsession and some Greenspeak.
For the first time, White House officials identified a key flaw crippling Obamacare enrollment on the HealthCare.gov website.
*CEO Swedish to attend White House meeting later Wednesday. Oct 23- Health insurer WellPoint Inc on Wednesday said it was not ready to provide profit forecasts for 2014, citing problems launching new insurance plans under President Barack Obama's healthcare reform, sending shares lower.
Oct 17- UnitedHealth Group Inc on Thursday predicted a tough year in 2014 because of government funding cuts to its private Medicare business, dragging down its shares and those of its competitors.
Oct 14- The Obama administration has made headway against an online bottleneck that jammed enrollment for the president's healthcare reform, but new technical problems greeted users on Monday, showing how difficult it will be to get consumers registered in time for insurance coverage to start Jan. 1.
Oct 14- The U.S. administration has made headway against an online traffic bottleneck that jammed enrollment for President Barack Obama's healthcare reform, but new technical problems greeted users on Monday showing how difficult it will be to get consumers registered in time for coverage to start Jan. 1.
As few as 1 in 100 applications on the federal government's exchange contains enough information to enroll the applicant in a plan.
The new insurance marketplace will feature low cost smaller networks that advocates say may not provide suitable health care to plan members.
Plans to build a $235 million proton-beam cancer treatment facility in New York City are proceeding, even as some insurers balk at the pricey therapy.
Private health insurance exchanges look like the wave of the future—and investors soon could be surfing to profits.