Centene is one of the few insurers making money on Obamacare plans, but CEO Michael Neidorff tells Bertha Coombs the exchange marketplace needs structural reform. He also weighs in on the uncertainty surrounding Anthem and Cigna's proposed merger. The two spoke at the UBS Global Healthcare Conference in New York. » Read More
Some of Tuesday's midday movers:
The largest U.S. pharmacy benefit manager, Express Scripts, is cutting back on compounded medications, saying most are ineffective or overpriced.
Shares of WellCare Health Plans and Centene surged Tuesday on speculation that one of the two Medicaid insurance providers could be acquired.
Take a look at some of Tuesday's midday movers:
WellPoint bet big Obamacare, and investors expect the nation's largest provider of Blue Cross plans to report large membership gains.
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
For the first time, White House officials identified a key flaw crippling Obamacare enrollment on the HealthCare.gov website.
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.