Officials want companies to get a bigger share of a pot of reinsurance money that will cover their costs from high-claim enrollees.» Read More
The Dow and S&P 500 closed near the flatline Tuesday, while techs climbed to boost the Nasdaq to a fresh 12-year high, as investors remained cautious ahead of the Federal Reserve's policy statement.
*Aetna may cut back on public health exchanges. Aetna Chief Executive Mark Bertolini said he was "increasingly confident" the company would have higher operating earnings in 2014, but warned that Aetna expects lower growth in private Medicare, where the government has cut spending. Aetna is also working on launching its own exchange for Aetna products, he said.
*Health exchanges, Medicaid expansion to boost revenue. July 24- WellPoint Inc, the nation's second largest health insurer, sees President Barack Obama's healthcare reform giving a $20 billion boost to its revenue by 2016, led by an expansion of the Medicaid program for the poor and the introduction of subsidized coverage for the uninsured.
Some of the names on the move ahead of the open.
July 24- WellPoint Inc reported a much higher-than-expected quarterly profit on Wednesday, helped by lower-than-forecast medical costs in its employer-based insurance business and improvements in Medicaid operations after the purchase of Amerigroup in December.
July 24- WellPoint Inc reported a much higher-than-expected quarterly profit on Wednesday, helped by lower than forecast medical costs in its employer-based insurance business and improvements in Medicaid operations after the purchase of Amerigroup in December.
July 24- WellPoint Inc said on Wednesday that its second-quarter profit rose, helped by its employer-based insurance business and improvements in its Medicaid operations after the purchase of Amerigroup in December. The second-largest U.S. insurer raised its full-year earnings forecast to at least $8 per share, up from the $7.75 it had affirmed in June.
Within days of breaking through to record highs, stocks are set to smash through another milestone, but after 1700, the path for the S&P 500 is less certain.
The changes are being driven by the Affordable Care Act, otherwise known as Obamacare, which calls for experimentation in cost-cutting for Medicare. The narrowest definition of an accountable care organization is one that is on a list of about 250 officially participating in a Medicare pilot program.
July 18- UnitedHealth Group Inc posted a bigger-than-expected rise in quarterly profit as it enrolled more people in private and government-sponsored health insurance plans and said it expects long-term growth after U.S. healthcare reform takes effect.
July 17- Many New York state residents who buy health insurance next year will most likely see their premiums cut by half as President Barack Obama's healthcare law creates subsidies that may increase the number of people in this market by the hundreds of thousands.
July 11- Health insurer WellPoint Inc will pay $1.7 million for allowing health and other personal information from hundreds of thousands of people to be accessed over the Internet, the U.S. Department of Health and Human Services said on Thursday.
July 11- Health insurer WellPoint Inc will pay $1.7 million for violating privacy laws by allowing health and other personal information from hundreds of thousands of people to be accessed without authorization over the Internet, the U.S. Department of Health and Human Services said on Thursday.
The "Fast Money" traders share their final trades of the day.
Insurance stocks have a had a solid run, but the delay of employer mandate in the health-care reform law shouldn't derail that for now.
WASHINGTON, June 27- The biggest operator of Blue Cross Blue Shield health plans is teaming up with the largest U.S. Spanish-language media network to explain Obamacare to Hispanics in California, New York, Colorado and Georgia.
Companies are testing medical plans that limit what they will pay for certain procedures, encouraging employees to choose less expensive hospitals.
Months before Americans buy coverage under Obamacare, it's becoming clear that choices for millions of people will vary depending on where they live. The NYT reports.
Stocks added to their gains in the final minutes of trading to close near session highs Monday, with the Nasdaq reversing its losses and all key S&P sectors in positive territory.
The vote to split roles for JPMorgan Chase Chairman and CEO Jamie Dimon on Tuesday could be driven by big index funds, as well as by Institutional Shareholder Services