Thursday, 5 Nov 2009 | Source: The Associated Press
Rising unemployment, swine flu and the threat of health care reform all ganged up on managed care companies in the third quarter and could hurt their performance heading into 2010. But most of the large publicly traded health insurers reported better-than-expected profit growth for the latest period, and analysts still see strong core businesses beneath the challenges facing the industry.
Health insurer Humana Monday projected lower profit next year as it sees profit margin pressure on its Medicare business for the elderly and weaker enrollment in its commercial plans serving employers.
Health insurer Humana Inc. rode its strong government business in posting a 65 percent jump in third-quarter profit Monday, as bulging membership and premiums from Medicare Advantage overcame a lackluster commercial segment hampered by the weak economy.
Stock futures pointed to a modest rebound ahead of the open Monday after the Dow and the S&P 500 experienced their biggest one-day percentage drops Friday since July 2.
Friday, 30 Oct 2009 | Source: The Associated Press
Health insurer Humana Inc., whose robust government business has helped produced healthy profits, reports third-quarter results on Monday. Here are key developments related to that period.
Monday, 21 Sep 2009 | Source: The Associated Press
The government is investigating a major insurance company for allegedly trying to scare seniors with a mailer warning they could lose important benefits under health care reform.
Tuesday, 25 Aug 2009 | Source: The Associated Press
Costs for employer-provided health plans are expected to rise more than 10 percent within the next year, a jump workers may feel in their paychecks or through changes to their insurance coverage.
Stocks rallied to their highest closes since November Monday following encouraging economic reports from the U.S. and abroad and following news that auto sales got a boost from the "Cash for Clunkers" program.
Worries over health care reform have caused the sector to be underowned, but there are still opportunities for investors looking to take advantage of the low prices, said Charles Boorady of Citigroup and Arthur Henderson of Jeffries & Co... Read More