United States

Amrutha Penumudi

Humana profit plunges on higher provisions for Obamacare business

Aug 03 2016

Humana Inc reported a 28 percent drop in quarterly profit as it set aside more money to cover losses in its Obamacare business, and the company said it would discontinue next year most of these plans sold off public exchanges.

Aetna won't expand Obamacare business, may cut it back

Aug 02 2016

Aetna Inc said on Tuesday that it no longer planned to expand its Obamacare business next year and would sell some Medicare Advantage assets as it fights to gain antitrust regulators' approval for its takeover of Humana Inc .

Keryx withdraws 2016 forecast on renal drug supply disruption

Aug 01 2016

Keryx Biopharmaceuticals Inc withdrew its full-year forecast due to a disruption in production of its only approved drug, Auryxia, sending its shares down by more than a third in morning trading on Monday.

Health insurer Cigna to look for M&A targets if Anthem deal fails

Jul 29 2016

Health insurer Cigna Corp reported a lower-than-expected quarterly profit due to losses in its group disability and life business, and said it would look at acquisition targets if its proposed takeover by Anthem Inc did not materialize.

Anthem to fight for Cigna deal, sees Obamacare losses

Jul 27 2016

Health insurer Anthem Inc on Wednesday vowed to fight U.S. government efforts to block its planned acquisition of Cigna Corp and said it expects to lose money this year on its business selling individual health coverage under President Barack Obama's healthcare law.

Anthem vows to fight for Cigna deal; profit beats estimates

Jul 27 2016

Health insurer Anthem Inc on Wednesday said it was committed to its planned acquisition of Cigna Corp and again vowed to fight U.S. government efforts to block the deal, saying the merger will help lower costs for consumers.

Centene says it does not have network for Aetna's assets

Jul 26 2016

Centene Corp's chief executive said the mid-cap health insurer did not have the network for the Medicare Advantage assets Aetna Inc or other large managed care companies are looking to sell as part of the industry-wide consolidation.

Abbott sales beat on higher demand for medical devices

Jul 20 2016

Abbott Laboratories reported better-than-expected quarterly sales and profit as strong sales in its medical device business more than made up for the hit from an economic turmoil in Venezuela.

UnitedHealth sees further losses for Obamacare insurance

Jul 19 2016

UnitedHealth Group Inc is still losing money on the individual insurance business created under U.S. President Barack Obama's national healthcare reform law due to customers' high medical costs, the company said on Tuesday.

General Mills adds two Betty Crocker cake mixes to recall

Jul 13 2016

General Mills Inc said it was recalling two flavors of Betty Crocker cake mix in the United States and one in Canada as part of a recall of some flour products following an E. Coli outbreak.

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