NEW YORK, June 12- Investors are betting that the healthcare sector's strong run will not be held back for long even if the U.S. Supreme Court rules against the Affordable Care Act. "Option activity over the last few weeks in hospital stocks suggests that the options market is betting on a post- Supreme Court decision rally," said Anshul Agarwal, equity derivative...
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...
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...
This year’s flu season is shaping up to be as bad as expected. That's good news for drug stores, but insurers and others could suffer.
Some of the names on the move ahead of the open.
Check out which companies are making headlines after the bell Monday: Coca-Cola, Verifone & more
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:
Some of Tuesday's midday movers:
The insurance industry is bracing for the Obama administration's final Medicare Advantage rate cuts for 2015, which will be announced late Monday.
Some of Wednesday's midday movers:
Friday's midday movers:
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.
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.
Check out which companies are making headlines after the bell Thursday:
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.