International Business News - WCG http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Facts about Medicare Part D prescription coverage:--Under Medicare Part D, elderly and disabled Medicare benficiaries can enroll in a private drug plan that is largely subsidized by the federal government. Before the benefit began in 2006, that drug coverage was available only though private supplemental plans. http://www.ibtimes.com/articles/20081118/medicare-prescriptions-and-the-doughnut-hole.htm Tue, 18 Nov 2008 15:24:11 EST Shares of WellCare Health Plans Inc. plunged to all-time lows Thursday after the health insurer, already the target of multiple state and federal investigations, said it is in default on some debt covenants and is being hurt by higher Medicare costs. http://www.ibtimes.com/articles/20081113/wellcare-dives-on-report-of-higher-medical-costs.htm Thu, 13 Nov 2008 13:40:14 EST Health insurers traded lower with the market Thursday, as Congress considered a financial sector bailout package that could change the way health plans cover patients with mental illness or drug addiction. http://www.ibtimes.com/articles/20081002/sector-wrap-health-insurer-shares-decline.htm Thu, 02 Oct 2008 19:09:41 EDT Standard & Poor's Ratings Services on Friday kept WellCare Health Plans Inc. on Credit Watch with negative implications citing ongoing investigations by the FBI, and other agencies. http://www.ibtimes.com/articles/20080919/s-p-maintains-wellcare-on-negative-credit-watch.htm Fri, 19 Sep 2008 13:52:27 EDT WellCare Health Plans Inc. said Tuesday it has hired a former AT&T executive as its chief operating officer. In the newly created position, Rex Adams will be responsible for the health insurer's claims, customer service and information systems. He will report to Wellcare Chief Executive Heath Schiesser. http://www.ibtimes.com/articles/20080902/wellcare-names-former-at-t-executive-as-coo.htm Tue, 02 Sep 2008 16:43:20 EDT Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and Nasdaq Stock Market: NYSE http://www.ibtimes.com/articles/20080819/saks-medtronic-beazer-homes-big-movers.htm Tue, 19 Aug 2008 17:16:03 EDT Shares of WellCare Health Plans Inc. jumped Tuesday after the managed care services company agreed to pay $35.2 million to the U.S. Attorney in Florida--a move that could be one step toward clearing up the company's legal troubles. http://www.ibtimes.com/articles/20080819/wellcare-rises-after-making-payment-agreement.htm Tue, 19 Aug 2008 18:34:41 EDT WellCare Health Plans Inc. said it has agreed to pay $35.2 million to the U.S. Attorney in Florida after overstating three-and-a-half years of profits--although it says the payment is not a settlement of any legal cases. http://www.ibtimes.com/articles/20080819/wellcare-hmos-will-pay-35-2-million-to-florida.htm Tue, 19 Aug 2008 10:29:13 EDT Shares of health insurers sustained a rally Wednesday as Wall Street approved of WellPoint Inc.'s second-quarter results, a day after UnitedHealth Group Inc. also posted better-than-expected earnings. http://www.ibtimes.com/articles/20080723/sector-wrap-2q-earnings-boost-health-insurers.htm Wed, 23 Jul 2008 16:56:57 EDT Standard & Poor's Ratings Services said its ratings on WellCare Health Plans Inc. were not affected by the health insurer's restatement of its results over the last four years. http://www.ibtimes.com/articles/20080723/s-p-keep-junk-rating-on-wellcare-health-plans.htm Wed, 23 Jul 2008 15:57:11 EDT Among the premarket stories for Tuesday, July 22, from AP Financial News: NEW YORK (AP)--Shares of Washington Mutual Inc. slipped in premarket trading Tuesday as investors anticipated a lackluster second-quarter earnings report from the Seattle-based bank. http://www.ibtimes.com/articles/20080722/premarket-roundup-washington-mutual-wellcare.htm Tue, 22 Jul 2008 09:41:12 EDT Health insurer WellCare Health Plans Inc. restated its results from 2004 into 2007 late Monday, saying it overcharged the states of Illinois and Florida and overstated its profits due to accounting errors. http://www.ibtimes.com/articles/20080722/ahead-of-the-bell-wellcare-restates-past-results.htm Tue, 22 Jul 2008 09:26:45 EDT Shares of WellCare Health Plans Inc. sank Monday as the health insurer's stock gave up some recent gains, continuing a pattern of up-and-down trading. http://www.ibtimes.com/articles/20080721/last-call-wellcare-slides-back-from-recent-gains.htm Mon, 21 Jul 2008 15:37:58 EDT WellCare Health Plans Inc., which provides managed care services for government-sponsored health care programs, has named Thomas L. Tran as chief financial officer, effective Monday. http://www.ibtimes.com/articles/20080718/wellcare-health-plans-names-thomas-l-tran-as-cfo.htm Fri, 18 Jul 2008 19:05:00 EDT Health insurers fell Thursday after the Senate passed a Medicare bill that cuts payments to the group by reducing funding for Medicare Advantage plans. http://www.ibtimes.com/articles/20080710/sector-wrap-health-insurers-fall-on-medicare-bill.htm Thu, 10 Jul 2008 16:13:23 EDT Fitch Ratings cut its outlook on the U.S. health insurance sector Wednesday, expecting smaller profits and limited financial flexibility for insurers. http://www.ibtimes.com/articles/20080709/fitch-takes-negative-view-on-health-insurers.htm Wed, 09 Jul 2008 16:13:34 EDT Shares of health care providers and service companies moved up in Tuesday morning trading as oil prices slipped, and the Federal Reserve considered extending an emergency loan program for investment houses. http://www.ibtimes.com/articles/20080708/opening-glance-health-care-stocks-gain-ground.htm Tue, 08 Jul 2008 10:53:15 EDT Shares of health care providers and service companies were mixed Monday as the broader market fluctuated. The Dow Jones started out in positive territory Monday, swung to a loss of more than 160 points before recovering nearly two-thirds of its losses. http://www.ibtimes.com/articles/20080707/closing-glance-health-care-stocks.htm Mon, 07 Jul 2008 16:27:15 EDT Health care stocks traded higher Monday morning, rising with the broader markets as the price of oil declined and the dollar gained strength against other currencies. http://www.ibtimes.com/articles/20080707/opening-glance-health-care-shares-rise.htm Mon, 07 Jul 2008 10:48:55 EDT Shares of health insurers fell sharply Thursday morning, but other health care stocks were able to make gains. UnitedHealth Group Inc., which cut its profit forecast Wednesday, reached a 4 1/2-year low Thursday morning, and a Goldman Sachs analyst downgraded Aetna Inc. and Health Net Inc. http://www.ibtimes.com/articles/20080703/opening-glance-health-care-stocks.htm Thu, 03 Jul 2008 10:44:38 EDT