The contractor, which designed the state's botched health-care exchange, has already been paid $65 million and billed for millions more.» Read More
U.S. stocks fell on Wednesday after the release of minutes from the Federal Reserve's last meeting.
The "Fast Money" traders discuss top three trades including Tesla, United Health and Boeing.
Some of the names on the move ahead of the open.
Health-care stocks are surging amid the confusion of Obamacare. Apparently, investors don't see the current morass as problematic at all.
The "Fast Money" traders share their final trades of the day.
Nov 6- U.S. health insurer Humana Inc on Wednesday said it expected earnings to decline next year because of spending on the new health exchanges and on the Medicaid program for the poor. Humana and its competitors began selling insurance plans to individuals on Oct. 1 on state-based exchanges created under the national healthcare reform law.
WASHINGTON, Nov 1- The troubled start of President Barack Obama's signature healthcare law known as Obamacare has administration officials scrambling to address a host of problems, from the unreliability of the website HealthCare.gov to questions about who is responsible for hundreds of thousands of Americans losing their current coverage.
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.
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.
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.
WASHINGTON, Oct 30- U.S. Health and Human Services Secretary Kathleen Sebelius on Wednesday said she has not lost confidence in Quality Software Services Inc, one of several contractors that helped develop the troubled federal health insurance exchange website.
They are UnitedHealth Group Inc, Cigna Corp, Aetna Inc, Humana Inc and WellPoint Inc.
WASHINGTON, Oct 29- The Obama administration appears to have passed up offers from Amazon and Microsoft to help fix the federal government's troubled healthcare enrollment website, according to documents released on Tuesday by a Republican-led congressional investigating committee.
HHS Secretary Kathleen Sebelius testifies Wednesday on Capitol Hill about the Obamacare website disaster. Here's what Congress should find out.
Political embarrassment over Obamacare has not spilled over into the markets yet, but it could if matters continue to worsen.
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.
Marilyn Tavenner, administrator of the U.S. Centers for Medicare and Medicaid Services, said the website faces "complex technical issues" four weeks after it opened for enrollment. House of Representatives Ways& Means Committee is the Obama administration's first formal statement to Congress about the challenges facing Healthcare.gov.
WASHINGTON, Oct 29- The chairman of the U.S. House of Representatives Oversight and Government Reform Committee on Tuesday subpoenaed an Obamacare contractor, Quality Software Services Inc, for documents related to the federal government's troubled healthcare law website, Healthcare.gov.
NEW YORK, Oct 28- The website at the center of the U.S. healthcare reform law was back up Monday after a data center outage prevented Americans from enrolling in subsidized health insurance, the latest technical problem to plague the online insurance exchanges.
Oct 25- The website for Americans to buy insurance under President Barack Obama's healthcare law should be working smoothly for most users by the end of November, a White House official assigned to fix Healthcare.gov said on Friday.