ADVFN - Advanced Financial Network.
HOME» NYSE » C » CVH Stock Price » CVH Stock News

Coventry Hlth Care Share News

 Coventry Health Care Inc. Stock Price
CVH Stock Price
 Coventry Health Care Inc. Stock Chart
CVH Stock Chart
 Coventry Health Care Inc. Stock News
CVH Stock News
 Coventry Health Care Inc. Company Information
CVH Company Information
 Coventry Health Care Inc. Stock Trades
CVH Stock Trades

Health Insurers Rise On Hopes For Favorable Court Ruling

By Jon Kamp Of DOW JONES NEWSWIRES Shares of health insurers surged Thursday after the U.S. Supreme Court's hearings on the federal health-care overhaul law raised hopes for a ruling that helps the industry more than it hurts. The three-day event left plenty of doubt about whether the court--which is expected to issue its decision in late June--will uphold or strike down the mandate to carry insurance. But insurance analysts and investors now see lower odds the court will eject just the individual mandate, which insurers have argued would cause premiums to soar because people could wait to buy coverage only when they are sick. "The worst case may be off the table" for health insurers, said Les Funtleyder, portfolio manager for the Miller Tabak Health Care Transformation Fund. The fund holds shares of Aetna Inc. (AET), UnitedHealth Group Inc. (UNH) and Humana Inc. (HUM). Aetna led the way among rising managed-care firms, up 6.8% to $49.69 in recent trading, while reaching the highest point in four years. Likewise, UnitedHealth, the industry's biggest company by revenue and membership, also hit a four-year high while rising 4.7% to $58.05 in recent trading. Humana, WellPoint Inc. (WLP), Cigna Corp. (CI) Coventry Health Care Inc. (CVH) and Health Net Inc. (HNT) also rose, defying a downturn in the broader stock market. The crux of the Supreme Court case involves the constitutionality of the mandate to buy insurance. The other key issues in debate include whether the rest of the law should stand if the mandate doesn't and whether the Medicaid insurance program for the poor can expand as the law envisions. Sanford Bernstein analyst Ana Gupte believes the court is most likely to strike down the individual mandate but also "the onerous underwriting provisions" that require insurers to cover people no matter their health, and that policy rates can't vary based on health. The analyst called this "the best scenario for insurers." The analyst is a former Aetna employee, and she and a household member hold long positions in Aetna and Cigna equities, according to her firm's disclosures. BMO Capital analyst Dave Shove thinks the court will strike down the mandate while severing it from the rest of the law. But he doesn't see this as a big problem for insurers because it would force Congress to rework the law. While analysts see benefits for big insurers if the entire law is struck down, such a move would hurt Medicaid-focused insurers that stand to benefit from the law's aim to add 17 million people to the health plan for the poor. Likewise, the current law also helps hospitals because more people gain health coverage, and that could mean more patient traffic and fewer cases where people can't pay their bills. The law is "flat-out positive" for hospitals and Medicaid companies, fund manager Funtleyder said. Shares of Medicaid insurers Centene Corp. (CNC), Amerigroup Corp. (AGP) and Molina Healthcare Inc. (MOH) were lower Thursday, while stocks for big hospital firms such as HCA Holdings Inc. (HCA) moved up after declining the prior two days. In the wake of the court hearings, Susquehanna analyst Chris Rigg said he was "more bullish on the diversified HMOs" but "more cautious on the Medicaid HMOs" and hospitals. -By Jon Kamp, Dow Jones Newswires; 617-654-6728; jon.kamp@dowjones.com

Stock News for Coventry Hlth Care (CVH)
DateTimeHeadline
05/06/201309:22:52U.S. HOT STOCK FUTURES: HOT STOCKS TO WATCH
02/13/201315:27:24WellPoint Shares Slide as CEO Pick Surprises Investors
02/12/201310:20:11Coventry Gets Kentucky Medicaid Rate Increase
02/12/201310:10:09Coventry Gets Kentucky Medicaid Rate Increase; Aetna, WellCare...
12/11/201218:10:10Aetna Sees Higher Sales, Operating Earnings In 2013
11/13/201215:10:47Aetna, Coventry to Tweak Agreement to Resolve Some Lawsuits
11/09/201210:12:56Aetna, Coventry Get Second Request in Antitrust Review
10/26/201207:28:15Coventry Health 3rd-Quarter Net Falls 14% on Higher Patient Bills
10/10/201213:31:05Walgreen Signs New Limited Network Deals for Medicare Plans
10/04/201218:42:40WellCare, Humana, Coventry Win Medicaid Business in Kentucky
09/28/201212:40:10Amerigroup to Sell Va. Unit amid WellPoint Deal
08/27/201217:38:17Ohio Chooses Insurers Including Aetna, Molina to Cover 'Dual-Eligible...
08/23/201218:00:07U.S. Extends Review of WellPoint, Amerigroup Deal
08/23/201217:41:37WellPoint, Amerigroup Get Second Request in Antitrust Review
08/20/201217:10:05Aetna to Buy Coventry Health
08/20/201211:10:21MARKET SNAPSHOT: U.S. Stocks Fall; Europe Bond Report Dismissed
06/28/201217:22:50Big Health Insurers Under Pressure After Court Ruling
06/07/201218:48:14Molina, Centene Win Back Ohio Medicaid Business After Protests
05/18/201209:22:29US STOCK FUTURES: HOT STOCKS TO WATCH
04/21/201200:20:37MARKET SNAPSHOT: U.S. Stock Gains Hinge On Apple, Blue-chip Results

Coventry Hlth Care and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad