Feb 4- Health insurer Centene Corp reported a nearly six-fold rise in quarterly profit, helped by new contract wins and expansion of existing contracts. Net earnings attributable to Centene rose to $53.2 million, or 93 cents per share, in the fourth quarter, from $9.1 million, or 17 cents per share, a year earlier.
Feb 4- Health insurer Centene Corp reported a nearly six-fold rise in quarterly profit, helped by new contract wins and expansion of existing contracts. Net earnings attributable to Centene rose to $53.2 million, or 93 cents per share, in the fourth quarter from $9.1 million, or 17 cents per share, a year earlier.
Oct 22- Health insurer Centene Corp raised its revenue growth forecast for 2014 based on a new Medicaid contract win in Florida and expansion of others. Centene confirmed that glitches stopped consumers from accessing its plans, which are currently listed on federal exchanges in Arkansas, Florida, Georgia, Indiana, Mississippi, Ohio and Texas.
Oct 22- Health insurer Centene Corp raised its full-year revenue forecast and reported a better-than-expected quarterly profit as it benefits from expanded coverage, improved rates and a contract in Kansas.
Oct 22- Health insurer Centene Corp reported a better-than-expected profit for the third quarter, partly due to a recent contract win in Kansas, and raised its full-year forecast for premium and services revenue.
Love it or hate it, Obamacare has the potential to boost health insurance stocks in a big way going forward. Molina and WellCare are two possible winners.
Companies with the lowest cost structures will likely do well, Josh Raskin says.
It is shaping up to be the worst cold and flu season in about ten years, with more than 40 states reporting widespread influenza doctor visits and hospitalizations.
How everyone will deal with the effects of Obamacare in 2013.
FRANKFORT, Ky.-- A Medicaid managed care provider has filed a lawsuit against Kentucky, alleging that state officials provided incorrect information that led to $120 million in losses in the first 11 months of its contract. The Medicaid provider had announced last week that it would exercise its right to end the contract effective July 5, 2013.
Centene Corp. said Tuesday it is suing Kentucky, a state that has generated heavy losses for the Medicaid coverage provider, as it reported an 87 percent plunge in third-quarter earnings. Centene said it filed a lawsuit against Kentucky over the state's "failure to completely and accurately disclose material information."
Shares of Centene Corp. soared Wednesday after the health insurer said it will end a contract to administer Medicaid coverage in Kentucky that had hampered its performance. A Centene official said in a brief statement that they "do not believe there is a viable path to a sustainable managed care program in Kentucky."
FRANKFORT, Ky.-- A Medicaid managed care provider in Kentucky is seeking to terminate its contract with the Cabinet for Health and Family Services after only a year, a move that would cut some 200 jobs in Lexington. Kentucky has three other Medicaid contractors.
Different presidential election outcomes would benefit different health care stocks, Bernstein analyst Ana Gupte said Thursday on CNBC.
Healthcare moving on debates. Governor Romney's performance last night has investors in certain healthcare sectors a bit nervous. Obamacare is perceived to be a positive for hospitals, slight negative for HMOs. Today, that trade is being reversed: hospital stocks are down, HMOs are up
The Morgan Stanley Healthcare Payors Index is having its best day in three and a half years.
Take a look at some of Thursday's midday movers:
No matter how the Supreme Court rules, these health care stocks win.
Stocks accelerated their selloff in the final minutes of trading to close down more than 1 percent across the board Monday, as initial euphoria over Spain's bank bailout fizzled and amid ongoing fears over a global economic slowdown.
Investors will soon realize not all health-care stocks are equal as the Supreme Court prepares to decide Obamacare’s fate.