Aetna will spend $3.3 billion to buy back more than 20 million shares of its stock after the health insurer's board authorized more repurchases last week. Aetna will pay each dealer $1.65 billion and is using available cash to fund the deals. That announcement came a few days after Aetna called off its roughly $34 billion acquisition of Medicare Advantage...
Shares of Aetna trimmed losses Friday, pending news that the company was raising its divided and authorizing a share repurchase.
UnitedHealth denies allegations it gamed the nation's Medicare system for hundreds of millions of dollars.
Aetna is doubling the quarterly dividend it pays shareholders and buying back stock as it regroups from its failed attempt to acquire rival health insurer Humana. The Hartford, Connecticut, insurer had said Tuesday that it was calling off plans to buy Humana Inc. for roughly $34 billion. Aetna had paused its dividend increases after announcing the Humana bid...
This hour CNBC is following a bombing in Baghdad, an insurance announcement by Paul Ryan and the confirmation of Mick Mulvaney in the White House.
House Speaker Paul Ryan said they plan to introduce legislation as early as next Tuesday.
Molina blamed Obamacare for a fourth-quarter loss and 2017 profit forecast far below estimates.
Obamacare repeal and failed insurance mergers have been dominating health-care headlines, but some surprise stock winners may emerge.
It was a rough Valentine's Day for the U.S. health insurance industry. Aetna said it was abandoning its planned $34 billion purchase of Medicare Advantage provider Humana early Tuesday. Then, later in the day, Cigna said it is suing Anthem to kill a $48 billion acquisition bid.
Fossil Group Inc., down $3.39 to $19.48. Procter& Gamble Co., up $3.26 to $91.12. Humana Inc., down 65 cents to $205.32.
This is occurring even as the Trump administration issues new rules to try to stabilize the Obamacare exchanges.
Open enrollment would run from November through Dec. 15, and states would have control over the size of an insurance plan's network.
INDIANAPOLIS— Health insurers Anthem and Cigna are now trading lawsuits instead of working together to salvage a shaky $48- billion buyout agreement. The two companies announced Anthem's plan to buy Cigna in 2015 a few weeks after two other insurers, Aetna Inc. and Humana Inc., announced a separate deal. Aetna and Humana announced Tuesday they were ending...
It was a rough day for the already-roiled U.S. health insurance market: One giant merger was abandoned, another is threatened by infighting, and a major insurer announced it will stop selling coverage on public exchanges in 11 states. Aetna said it was abandoning its planned $34 billion purchase of Medicare Advantage provider Humana early Tuesday.
In the wake of Humana's comment, President Donald Trump tweeted that the insurer's decision was another example of Obamacare's failure.
Health insurer Humana is leaving the Affordable Care Act's public insurance exchanges for next year as it regroups after ending its proposed combination with rival insurer Aetna. Humana Inc. covers about 150,000 people on exchanges in 11 states. Humana and Aetna said earlier Tuesday that they were calling off Aetna's roughly $34 billion acquisition of...
Last week, a federal judge blocked the deal, saying it would lead to higher prices and reduced competition.
Humana releases its guidance after calling off its merger with Aetna. Also, Cigna sues Anthem, seeking reverse termination fee. CNBC's Bertha Coombs reports.
Cigna says it is rejecting Anthem's proposed $48 billion acquisition bid and suing the Blue Cross- Blue Shield insurer. The announcement comes hours after another major insurer, Aetna, said it was abandoning its planned $34 billion purchase of Medicare Advantage provider Humana. Cigna Corp. says it is seeking a $1.85 billion termination fee from Anthem and...
Health insurer Aetna and rival Humana say they have mutually ended their $34 billion merger agreement.