iShares U.S. Medical Devices ETF (IHI) - NYSEARCA
  • Thu, Apr. 14, 3:58 AM
    | Thu, Apr. 14, 3:58 AM | 7 Comments
  • Oct. 26, 2015, 11:39 AM
    • It's been a "remarkable turn" in relative performance, says Deutsche Bank's David Bianco, noting health care was about 1K basis points ahead of the S&P 500 as recently as mid-August, but both are now about flat and neck-and-neck year-to-date.
      "We find this reversal unwarranted and think health care could surge into year-end," says Bianco, and if the move doesn't come in 2015, it'll surely happen next year. As for valuation, health care is selling for 14.7x 2016E EPS vs. the S&P 500 at 16x - this even as health care's expected 6% sales growth should easily trump that of nominal GDP and the S&P 500. Biano sees 6-9% EPS growth, also better than the S&P.
    • Focus on the big picture, says Bianco: "We believe growth in health care products will stay strong owing to an aging population and increasing efforts to treat conditions with drugs and maximize the productivity of scarce healthcare labor with as many tools and conveniences as conceivable." He likes S&P 500 biotech, pharma, devices, equipment, supplies, tech, and tools, but is cautious on managed care and other healthcare services and facilities.
    • ETFs: IBB, IYH, XLV, XBI, VHT, PJP, BBH, FBT, HQH, CURE, XPH, HQL, PBE, FXH, RXL, IHE, FHLC, SBIO, IHF, PPH, IHI, XHS, RYH, BBC, THQ, PSCH, BBP, XHE, RXD, CNCR, LABD, LABU, UBIO, ZBIO
    | Oct. 26, 2015, 11:39 AM | 15 Comments
  • Apr. 7, 2015, 7:14 AM
    • The government surprisingly intends to increase Medicare Advantage payments by about 1.25% in 2016, reversing a proposal to make a cut of 0.9%.
    • The move should benefit insurers such as UnitedHealth (NYSE:UNH) and Humana (NYSE:HUM).
    • The change is mainly connected to tweaks in estimates of how fast Medicare spending has been rising rather than to changes in policy.
    • Other health insurers include: AET, HNT, MO
    • ETFs: XLV, XHE, VHT, FXH, IHF, IHI, IYH, PTH, RYH, PSCH, RXL, RXD, XHS
    | Apr. 7, 2015, 7:14 AM | 13 Comments
  • May 18, 2014, 3:03 AM
    • Some health insurers intend to join more state Obamacare exchanges next year, a development that could lead to more moderate price increases, or even prices falls, as competition increases.
    • In Washington state, for example, four insurers plan to sell coverage for the first time in 2015, while in Indiana, the number of providers could double to eight.
    • Of the insurers, UnitedHealth Group (UNH) is set to offer new plans in the states mentioned, adding to five exchanges that it already operates on.
    • The providers could be hoping to benefit from "second-mover" advantage whereby they will look to sign up the increased number of younger and healthier people who are forecast to purchase coverage next year as the penalty for not doing so increases. Those who are in worse health and bought coverage last year are expected to remain with their existing plans.
    • Meanwhile, the Center for American Progress (CAP) think tank, which is close to the White House, has called for President Obama to appoint a CEO with private-sector experience to oversee Obamacare's federal and state online health insurance exchanges. The idea is that the exchanges would run as e-commerce sites. The CEO would also oversee insurers and market regulations, although not Medicare or Medicaid. (CAP report)
    • More on Obamacare
    • Health insurers: AET, HNT, HUM, UNH, WLP, MO
    • ETFs: XLV, XHE, VHT, FXH, IHF, IHI, IYH, PTH, RYH, PSCH, RXL, RXD, XHS
    | May 18, 2014, 3:03 AM | 8 Comments
  • Apr. 25, 2014, 2:49 PM
    • Much of the high tech equipment hospitals use can be easily hacked and could pose a significant danger to patients according to the head of information security at Essentia Health.
    • Imaging equipment, insulin pumps, defibrillators and refrigerators that store blood and drugs are examples of networked gear that have remote access control features.
    • The devices' software is plagued by common security holes like weak passwords, lack of authentication to access, easy-to-determine default and hard-coded passwords and embedded web servers and administrative interfaces that make it easy to identify and manipulate devices once found on the network.
    • Hospital are apparently just waking up to the potential risks.
    • Last spring, the FDA and DHS issued a notice to the health care industry about problems with hard-coded passwords after researchers found issues in ~300 devices.
    • ETFs: IYH, IBB, XLV, XBI, VHT, BIB, PJP, BBH, FBT, PBE, XPH, CURE, FXH, IHE, RXL, IRY, IXJ, PPH, IHI, BIS, IHF, FHLC, XHS, PSCH, RYH, XHE, PTH, DRGS, RXD
    | Apr. 25, 2014, 2:49 PM
  • Apr. 22, 2014, 12:14 PM
    | Apr. 22, 2014, 12:14 PM
  • Apr. 22, 2014, 11:33 AM
    • The FDA proposes an "Expedited Access PMA" (EAP) process for medical devices that treat or diagnose patients with serious conditions whose medical needs are unmet by current technology. The program features earlier and more interactive participation by agency staff to collaboratively develop a plan for the collection of the scientific and clinical data to support approval. The EAP aims to reduce certain devices' development times in addition to the expected shortened premarket review.
    • Eligible devices must fit the following profile: 1) be intended to treat or diagnose a life-threatening or irreversibly-debilitating disease or condition and 2) represent one of the following: no approved alternative treatment/diagnostic exists or it represents a breakthrough technology that provides a clinically meaningful advantage over existing technology or offers a significant clinically meaningful advantage over currently-available alternatives or the device's availability is in the patient's best interest.
    • The proposed EAP builds on the Expedited Access Program for pharmaceuticals that the FDA launched in 2011.
    • Draft guidance
    • Healthcare ETFs: IYH, IBB, XLV, XBI, VHT, BIB, PJP, BBH, FBT, PBE, XPH, CURE, FXH, IHE, RXL, IRY, IXJ, PPH, IHI, BIS, IHF, FHLC, XHS, PSCH, RYH, XHE, PTH, DRGS, RXD
    | Apr. 22, 2014, 11:33 AM
  • Apr. 18, 2014, 4:03 AM
    • Eight million people have enrolled for health insurance under Obamacare, President Obama said yesterday, easily surpassing earlier projections by the Congressional Budget Office for 6-7M signups by the end of March.
    • The high number of enrollments was achieved despite the technical problems that the online exchanges suffered, particularly when the Affordable Care Act was launched last year.
    • Around 35% of those who purchased coverage were people under 35, who are thought to be less likely need to treatment and so can help balance the cost of claims for those who need care.
    • However, Obama didn't provide details about the number of enrollees who already had insurance before Obamacare was introduced.
    • More on Obamacare
    • Health insurers: AET, HNT, HUM, UNH, WLP,
    • ETFs: XLV, XHE, VHT, FXH, IHF, IHI, IYH, PTH, RYH, PSCH, RXL, RXD, XHS
    | Apr. 18, 2014, 4:03 AM | 127 Comments
  • Apr. 17, 2014, 1:30 PM
    • Scientists create patient-specific cell lines from the skin cells of two adult men in a procedure called somatic cell nuclear transfer demonstrating that the technique can work for people of all ages. The embryonic cells are genetically identical to the donor and have profound therapeutic potential.
    • The cloning procedure is difficult, however. Only one in thirty-nine attempts was successful.
    • In therapeutic cloning, a jolt of electricity fuses a grown cell (e.g. skin cell) with an ovum whose DNA has been removed. After ~5 days of dividing and multiplying it develops into a hollow sphere-shaped embryo. The interior cells are pluripotent stem cells which can develop into many different kinds of cells. The goal is to coax them to develop into specialized cells for therapeutic purposes.
    • Complicating the ability to create patient-specific cell lines for millions of people are women's reticence over donating eggs, a sometimes painful process. Widespread donations may not be ultimately necessary since many people have genetically similar immune systems so 100 human embryonic stem cell lines would match over 50% of the U.S. population according to the co-author of the study, Dr. Robert Lanza.
    • Healthcare ETFs: IYH, IBB, XLV, XBI, VHT, BIB, PJP, BBH, FBT, PBE, XPH, CURE, FXH, IHE, RXL, IRY, IXJ, PPH, IHI, BIS, IHF, FHLC, XHS, PSCH, RYH, PTH, XHE, DRGS, RXD
    | Apr. 17, 2014, 1:30 PM
  • Apr. 11, 2014, 4:01 AM
    • The White House has confirmed that Health & Human Services Secretary Kathleen Sebelius is resigning and will be replaced by Sylvia Burwell, the director of the Office of Management & Budget, assuming the latter is confirmed by the Senate.
    • Sebelius' departure comes after she said in October that she should be held "accountable for the debacle" of the launch of Obamacare, although the program did reach the government's target of 7M sign-ups by the end of March. She said yesterday that at least 7.5M people have enrolled.
    • One of Burwell's first challenges will be to work with health insurers as they set prices for Obamacare plans in 2015, which industry executives have warned could rise sharply.
    • More on Obamacare
    • Health insurers: AET, HNT, HUM, UNH, WLP, MO
    • Hospital operators: HCA, CYH, THC, UHS, HMA, LPNT
    • Pharmacies: WAG, CVS, BIOS, RAD, MHS, PMC, OCR
    • ETFs: XLV, XHE, VHT, FXH, IHF, IHI, IYH, PTH, RYH, PSCH, RXL, RXD, XHS
    | Apr. 11, 2014, 4:01 AM | 24 Comments
  • Apr. 9, 2014, 7:47 AM
    • People who bought Obamacare coverage early were more likely to receive treatments for pain, depression and HIV, a study by Express Scripts (ESRX) shows.
    • The data indicates that the early enrollees have more serious health problems and are older than people with employee plans.
    • However, the report doesn't cover those who signed up later, who tended to be younger and presumably healthier, according to anecdotal evidence.
    • More on Obamacare
    • Health insurers: AET, HNT, HUM, UNH, WLP, MO
    • ETFs: XLV, XHE, VHT, FXH, IHF, IHI, IYH, PTH, RYH, PSCH, RXL, RXD, XHS
    | Apr. 9, 2014, 7:47 AM | 11 Comments
  • Apr. 4, 2014, 1:12 PM
    | Apr. 4, 2014, 1:12 PM | 6 Comments
  • Apr. 2, 2014, 3:16 AM
    • The government has met its goal for signing up 7M people for Obamacare by the end of March, with at least 7.1M people enrolling despite the technical chaos that accompanied the launch of the policy last year and then on Monday.
    • The number could rise further, as people finish the process even though the latest deadline has passed, and it doesn't include complete final-day figures from state exchanges.
    • Critics of the Affordable Care Act say key information is missing, such as how many people have paid premiums, how many already had insurance, and which plans have been bought.
    • Health insurers fear that they will have to sharply raise premiums for 2015 and beyond, as they haven't signed up enough young and healthy people who are less likely to need care.
    • More on Obamacare
    • Health insurers: AET, HNT, HUM, UNH, WLP, MOH
    • ETFs: XLV, XHE, VHT, FXH, IHF, IHI, IYH, PTH, RYH, PSCH, RXL, RXD, XHS
    | Apr. 2, 2014, 3:16 AM | 4 Comments
  • Apr. 1, 2014, 8:57 AM
    • The government's HealthCare.gov received over 4.8M visitors yesterday while the telephone center took 2M calls as people rushed to sign up for Obamacare health coverage ahead of last night's deadline.
    • However, the enrollment process was again mired in chaos, as the Web site went down at least twice and was out for several hours.
    • Those who started the enrollment process but didn't complete it will be allowed to do so, providing more uncertainty for health insurers.
    • With 6M people having bought coverage by last week, the government could reach its target of signing up 7M people by around this point in the process.
    • However, an estimated 45M Americans still remain uncovered.
    • More on Obamacare
    • Health insurers: AET, HNT, HUM, UNH, WLP, MOH
    • ETFs: XLV, XHE, VHT, FXH, IHF, IHI, IYH, PTH, RYH, PSCH, RXL, RXD, XHS
    | Apr. 1, 2014, 8:57 AM | 12 Comments
  • Mar. 31, 2014, 2:24 AM
    • Two million people visited the government's HealthCare.gov Web site ahead of tonight's deadline to sign up for Obamacare coverage for 2015. Those who don't could face penalties of up to 1% of their annual income.
    • Around 6M had enrolled as of March 27 - although not necessarily paid - meaning that the White House could reach its original goal of signing up 7M to Obamacare by the end of today.
    • Last week, the government extended the deadline, saying it would enroll anybody who began the process before witching hour tonight.
    • More on Obamacare
    • Health insurers: AET, HNT, HUM, UNH, WLP, MOH
    • ETFs: XLV, XHE, VHT, FXH, IHF, IHI, IYH, PTH, RYH, PSCH, RXL, RXD, XHS
    | Mar. 31, 2014, 2:24 AM
  • Mar. 25, 2014, 8:14 AM
    • A number of states that operate health-insurance exchanges could allow consumers to buy coverage for 2014 after next Monday's deadline.
    • Part of the reason is that some states are sill suffering technical problems, including Nevada and Oregon.
    • The new extensions would follow the massive delays and technical problems that hit the launch of Obamacare late last year.
    • The federal government hasn't yet said whether those purchasing plans on its Web site will receive more time.
    • Consumers who don't buy coverage for next year face fines of $95 or 1% of their incomes.
    • Meanwhile, insurers around the country are on a drive to sign people up.
    • More on Obamacare
    • Health insurers: AET, HNT, HUM, UNH, WLP, MOH
    • ETFs: XLV, XHE, VHT, FXH, IHF, IHI, IYH, PTH, RYH, PSCH, RXL, RXD, XHS
    | Mar. 25, 2014, 8:14 AM | 1 Comment
IHI Description
The iShares Dow Jones U.S. Medical Devices Index Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Dow Jones U.S. Select Medical Equipment Index.
See more details on sponsor's website
Sector: Healthcare
Country: United States
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