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Aetna curtails coverage of surgical tool tied to cancer risk

HARTFORD, Conn.- The health insurer Aetna is ending most coverage of hysterectomies performed with a once-popular device that has drawn warnings from federal regulators over a risk for spreading cancer. Aetna Inc. will make exceptions for pre-menopausal women who want to maintain their fertility and for whom another treatment would not be effective.
Source: The Associated Press
UPDATE 2-Cigna sees no change in medical use in 1st qtr, unlike Humana

April 30- Cigna Corp said on Thursday that medical services use did not change among customers in its Medicare Advantage health plans for elderly people and the disabled, a contrast to comments from competitor Humana Inc.. Shares of Cigna and most other insurers rose. Cigna, which reported a better-than-expected first-quarter profit on Thursday, was...
Source: Reuters
Insurer Cigna beats Street 1Q forecasts, raises 2015 outlook

BLOOMFIELD, Conn.- Cigna became the latest health insurance provider to beat earnings expectations and raise its 2015 forecast when it announced Thursday that first-quarter earnings had edged up to $533 million. In the first quarter, Cigna earnings, adjusted for investment gains, came to $1.96 per share. Cigna is one of the nation's largest health insurers, but...
Source: The Associated Press
Final Glance: Managed Care companies

Cigna Corp. fell $5.03 or 3.8 percent, to $126.68. Humana Inc. fell $13.06 or 7.2 percent, to $168.05. UnitedHealth Group fell $3.98 or 3.4 percent, to $113.61.
Source: The Associated Press
Midday Glance: Managed Care companies

Cigna Corp. fell $5.78 or 4.4 percent, to $125.93. Humana Inc. fell $12.13 or 6.7 percent, to $168.98. UnitedHealth Group fell $5.18 or 4.4 percent, to $112.41.
Source: The Associated Press
Insurers navigate health overhaul to rising profits

A better understanding of the health care overhaul's impact, lighter Medicare Advantage funding cuts and old-fashioned business growth all helped deliver a confidence boost to much of the sector. The Blue Cross-Blue Shield insurer Anthem Inc. said Wednesday that it has signed up nearly 900,000 people on the exchanges. Competitor Aetna Inc. has added more...
Source: The Associated Press | By: By TOM MURPHY, AP Business Writer
UPDATE 3-Humana says hospital admissions up as sector shares fall

April 29- U.S. health insurer Humana Inc said on Wednesday there was an unexpected pick-up in the rate of hospital admissions late in March and in April, sparking a sell-off in its own and other insurers' shares. Shares in Humana, which specializes in Medicare health insurance and drug plans for the elderly and disabled, fell more than 6 percent to $168.66 and...
Source: Reuters | By: Caroline Humer
UPDATE 2-Humana's profit falls short as it watches new cost trend closely

April 29- U.S. health insurer Humana Inc reported a lower-than-expected profit in the first quarter as well as noting an unexpected pick-up in the rate of hospital admissions late in the quarter and in April. Humana Chief Financial Officer Brian Kane said during a conference call with investors that hospital inpatient admissions increased at the end of the...
Source: Reuters
Early Glance: Managed Care companies

Cigna Corp. fell $2.26 or 1.7 percent, to $129.45. Humana Inc. fell $10.29 or 5.7 percent, to $170.82. UnitedHealth Group fell $1.74 or 1.5 percent, to $115.85.
Source: The Associated Press
Anthem joins insurer crowd in beating Street 1Q expectations

INDIANAPOLIS- Anthem's first-quarter earnings jumped 23 percent thanks in part to a spike in Medicaid enrollment, and it became the latest health insurer to raise its forecast for the year after breezing past Wall Street's expectations. The nation's second largest health insurer said Wednesday that its Medicaid enrollment jumped 25 percent to 5.6 million...
Source: The Associated Press