Wellcare Health Plans Inc


  • NYSE stocks posting largest percentage decreases Wednesday, 15 Apr 2015 | 2:34 PM ET

    NEW YORK— A look at the 10 biggest percentage decliners on New York Stock Exchange at the close of trading:. RCS Capital Corp. fell 10.9 percent to $8.89. Wellcare Health Plans Inc. fell 4.8 percent to $84.52.

  • NEW YORK, March 30- UnitedHealth Group Inc's planned takeover of No. 4 U.S. pharmacy benefits provider Catamaran Corp will give the companies added heft in price talks with drug companies, serving as a catalyst for deals allowing other insurers to bulk up. The $12.8 billion deal comes at a time when Wall Street has been parsing the possibilities that top insurers...

  • Feb 23- Humana Inc said on Monday that the U.S. government's proposed payments to insurers that sell Medicare Advantage health plans would mean a 1.25 percent to 1.75 percent cut for the managed care company in 2016.. That is a steeper drop than the 0.95 percent figure the government proposed for the industry on Friday, but was still within expectations, analysts...

  • UPDATE 1-Inovalon shares rise 25 pct in debut Thursday, 12 Feb 2015 | 11:59 AM ET

    Feb 12- Shares of Inovalon Holdings Inc, a healthcare data analytics firm, jumped as much as 25 percent in their market debut, after the company priced its shares above its expected price range. Shortly after it started trading on the Nasdaq, the stock touched a high of $33.75, valuing Inovalon at about $4.88 billion. Inovalon raised $600 million from its IPO of 22.2...

  • Insurers are benefiting from increased number of patients, aided by an expansion of Medicaid, a federal health insurance program for lower-income people that is administered by the states, under Obamacare. WellCare members under the Medicaid health plans increased 31 percent to 2.3 million in the fourth quarter ended Dec. 31, helped by additions in Florida,...

  • The busier-than-normal flu season has resulted in some U.S. insurers such as Centene Corp and Humana Inc flagging cost concern. We are disappointed with our fourth quarter earnings due to the effect of the early and more severe flu season on our Medicaid business, "WellCare Chief Executive Kenneth Burdick said in a statement on Wednesday.

  • Feb 11- Health insurer WellCare Health Plans Inc reported a 82 percent fall in quarterly profit, due to expenses related to severe flu season in the United States. The company's net income fell to $7.7 million, or 18 cents per share, in the fourth quarter, from $42.9 million, or 97 cents per share, a year earlier. WellCare said it incurred about $15.1 million, or 22 cents...

  • Members under the Medicaid health plans increased 28 percent to 2.3 million in the quarter ended Sept. 30, driven by additions in Florida, Kentucky and Georgia under the federal health insurance program for lower-income people, Wellcare said. Medicaid expansion has also helped other insurers such as UnitedHealth Group Inc, Centene Corp and Cigna Corp..

  • Members under the Medicaid health plans rose 28 percent to 2.3 million as Florida, Kentucky and Georgia added more to the federal health insurance program for lower-income people. The expansion of Medicaid also helped other insurers such as UnitedHealth Group Inc, Centene Corp and Cigna Corp.. WellCare's medical benefit expenses rose 40 percent to $3...

  • Nov 5- Health insurer WellCare Health Plans Inc reported a better-than-expected adjusted profit for the third quarter, driven by a 43 percent increase in membership. Net profit fell to $19.3 million, or 44 cents per share, from $64 million, or $1.45 per share, from a year earlier. Excluding items, net profit was 77 cents per share, compared with average analyst...

  • Time for a hospital to buy WellCare or Centene? Tuesday, 27 May 2014 | 6:51 PM ET

    Shares of WellCare Health Plans and Centene surged Tuesday on speculation that one of the two Medicaid insurance providers could be acquired.

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  • Insurers brace for Medicare rate decision Monday, 7 Apr 2014 | 9:21 AM ET

    The insurance industry is bracing for the Obama administration's final Medicare Advantage rate cuts for 2015, which will be announced late Monday.

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  • Consider two potential winners of Obamacare Monday, 7 Oct 2013 | 4:22 PM ET

    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.

  • Fed May Provide a Safety Net for the Market Friday, 26 Apr 2013 | 8:08 PM ET
    A trader at the Chicago Board Options Exchange (CBOE).

    The Fed is expected to repeat its dovish message in the coming week, which could provide a safety net for the market amid a big wave of earnings and the April jobs report.

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  • Stocks are up as Bears are not yet in control of the narrative. There were no surprises from Bernanke, though he did give a rather spirited defense of QE and low interest rates.