WellCare Health Plans (WCG +10.3%) moves higher today on an upbeat outlook following an in-line...

|About: WellCare Health Plans, Inc. (WCG)|By:, SA News Editor

WellCare Health Plans (WCG +10.3%) moves higher today on an upbeat outlook following an in-line Q4 report this morning. Net earnings actually fell 43% Y/Y as legal costs and higher medical bills masked the managed-care services provider's revenue growth, and a 7% premium rate increase in Kentucky, set retroactively to January 1, is widely seen as providing some relief to what's considered to be a tough market. In addition, another planned rate increase in the state has been pushed up a few months to July.