Health Care Select Sect SPDR ETF (XLV) - NYSEARCA
  • Mar. 25, 2014, 3:15 AM
    • The U.S. Court of Appeals in Washington is set to hear arguments today that Obamacare subsidies in the 36 states that haven't set up their own exchanges are illegal.
    • Plaintiff arguments hinge on the meaning of a directive that subsidies should go to income-qualified people enrolled in exchanges "established by the state."
    • So far judges have ruled that the federal government can provide subsidies to exchanges not created by individual states.
    • Still, if the government loses, says Ron Pollack of advocacy group Families USA, "the effort to expand insurance coverage in the vast majority of the states would pretty much be halted."
    • 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, 3:15 AM | 1 Comment
  • Mar. 21, 2014, 1:51 PM
    • Health Care Select Sect SPDR ETF (XLV) announces quarterly distribution of $0.2047.
    • 30-day SEC yield of 1.41% (as of 03/19/2014).
    • For shareholders of record Mar 25; Payable Mar 31; Ex-div date Mar 21.
    | Mar. 21, 2014, 1:51 PM
  • Mar. 12, 2014, 9:17 AM
    • The government last week "quietly excused millions of people from the requirement to purchase health insurance or else pay a tax penalty," the WSJ discovers after being alerted to a change buried deep in a technical bulletin.
    • Americans whose coverage was cancelled because of Obamacare are allowed to "opt out of the (individual) mandate altogether" until 2016 under certain conditions that seem to be fairly lax. That opt out was only supposed to last a year.
    • However, these people would have to enroll in catastrophic coverage, which was initially designed for the under-30s and "the truly down and out."
    • Meanwhile, 940,000 people signed up for Obamacare plans in February, bringing the total to 4.2M.
    • 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. 12, 2014, 9:17 AM | 10 Comments
  • Mar. 11, 2014, 7:49 AM
    • The White House has dropped a proposal to permit insurers to limit Medicare coverage for certain types of pharmaceuticals, including drugs for depression and schizophrenia.
    • Medicare argued that the measure would have saved money, but the Administration ran into trouble with patients, drug firms and members of Congress from both parties.
    • Health insurers: AET, HNT, HUM, UNH, WLP, MOH.
    • ETFs: XLV, XHE, VHT, FXH, IHF, IHI, IYH, PTH, RYH, PSCH, RXL, RXD, XHS
    | Mar. 11, 2014, 7:49 AM | 1 Comment
  • Mar. 6, 2014, 9:07 AM
    • As flagged, the White House has said consumers will be able to keep healthcare coverage that doesn't meet the standards laid down under Obamacare until October 2017 if their states permit it.
    • The plans were originally supposed to have been canceled at the end of last year, but were given a reprieve following an uproar.
    • The latest extension prevents a new set of cancellations before the mid-term elections later this year.
    • More on Obamcare
    • Health insurers: AET, HNT, HUM, UNH, WLP, MOH.
    • ETFs: XLV, XHE, VHT, FXH, IHF, IHI, IYH, PTH, RYH, PSCH, RXL, RXD, XHS
    | Mar. 6, 2014, 9:07 AM | 3 Comments
  • Mar. 5, 2014, 9:07 AM
    • The White House is set to allow consumers to extend health-insurance coverage that doesn't comply with Obamacare to beyond the end of this year, Reuters reports.
    • The government could even allow the plans to be lengthened for another three years, which would postpone any cancellations to after the 2016 presidential election.
    • Last autumn, insurers canceled coverage for millions of people because of the non-compliance of their plans, causing uproar and prompting President Obama to allow ineligible coverage for another year.
    • Insurers weren't happy about the original u-turn and might not be too pleased with the latest one, due to fears about the impact on risk profiles.
    • Health insurers: AET, HNT, HUM, UNH, WLP, MOH .ETFs: XLV, XHE, VHT, FXH, IHF, IHI, IYH, PTH, RYH, PSCH, RXL, RXD, XHS
    | Mar. 5, 2014, 9:07 AM
  • Feb. 23, 2014, 4:14 AM
    • The Centers for Medicare & Medicaid Services has proposed cutting 2015 base payment rates for the Medicare Advantage program for senior citizens by 3.55%.
    • The proposal is subject to negotiations, with a final decision due in April.
    • "The final cut may be bigger, as the proposed rate doesn't take into account adjustments required by the Affordable Care Act," says Bloomberg Industries analyst Michael Manns.
    • Last year, the government increased 2014 base payments by 3.3% after initially proposing a 2.2% fall, although actual payments are falling 6.7% due to a new Obamacare tax and sequestration.
    • Health insurers: AET, HNT, HUM, UNH, WLP, MOH.
    • ETFs: XLV, XHE, VHT, FXH, IHF, IHI, IYH, PTH, RYH, PSCH, RXL, RXD, XHS.
    | Feb. 23, 2014, 4:14 AM | 10 Comments
  • Feb. 14, 2014, 11:35 AM
    | Feb. 14, 2014, 11:35 AM | 4 Comments
  • Feb. 11, 2014, 3:24 AM
    • The government has announced yet another delay to a crucial part of Obamacare, saying that businesses with 50-99 full-time workers won't have to provide health insurance to their workers until 2016. Some larger firms will have to cover at least 70% of employees by 2015 and 95% a year later.
    • The original plan was for companies to offer coverage this year, but in July, that was delayed until 2015.
    • The latest announcement was in response to pressure from firms and came after some businesses cut employee working hours to below 30 hours a week in order to avoid having to provide insurance.
    • More on Obamacare
    • ETFs: XLV, XHE, VHT, FXH, IHF, IHI, IYH, PTH, RYH, PSCH, RXL, RXD, XHS.
    | Feb. 11, 2014, 3:24 AM
  • Feb. 10, 2014, 5:13 AM
    • Around 4.8M people aged 18-64 get no government help to buy medical insurance - because they earn too little to qualify for federal subsidies. However, they earn too much to receive benefits under state programs.
    • The gap is the result of 24 states deciding not to expand Medicaid coverage under the Affordable Care Act.
    • However, some states are revisiting their policies in order to cover the hole, which hospitals such as UAB Health System see as a threat to their revenues.
    • More on Obamacare
    • Hospital operators: HCA, CYH, THC, UHS, HMA, LPNT.
    • ETFs: XLV, XHE, VHT, FXH, IHF, IHI, IYH, PTH, RYH, PSCH, RXL, RXD, XHS.
    | Feb. 10, 2014, 5:13 AM | 3 Comments
  • Feb. 3, 2014, 7:15 PM
    • State Streets Global Advisors announced a fee cut on 9 ETFs; taking expenses down from 0.18% to 0.16% on the effected funds.
    • Assets under management for these 9 funds nearly tripled in 2013, driving SSgA to drop their prices; this could allow them to better compete with other market sector ETFs.
    • The 9 effected ETFs: XLB, XLE, XLF, XLI, XLK, XLP, XLU, XLV, XLY
    | Feb. 3, 2014, 7:15 PM
  • Jan. 19, 2014, 2:20 AM
    • At least two thirds of the 2.2M people who purchased health insurance from exchanges under Obamacare through December 28 already had coverage, preliminary surveys indicate.
    • In a McKinsey study, just 11% of people didn't have insurance previously. Affordability and technical problems were among the reasons why people didn't buy plans.
    • Around 48M Americans didn't have health insurance in 2012; Obamacare is expected to reduce that figure by 25M.
    • Meanwhile, the government is delaying yet another provision of the Affordable Care Act - one that prevents employers from offering better health benefits to senior management than to other staff. The reason is that tax officials haven't yet issued the regulations that companies need to abide by.
    • 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.
    | Jan. 19, 2014, 2:20 AM | 108 Comments
  • Jan. 14, 2014, 4:24 AM
    • Just 30% of the people who have bought insurance under Obamacare are aged 34 or younger, while a third are 55 or older, a government report says.
    • That's a problem because the success of the Affordable Care Act hinges on signing up enough "young invincibles," who would need less care, in order to pay for the sick and elderly. The White House was banking on 40% of signups being aged 34 or less.
    • If the numbers don't balance out as needed, premiums could rise. Moreover, health insurers have until May to decide whether they will keep providing exchange plans in 2015.
    • Around 2.2M people bought coverage in the three months through December, 79% of whom received a discount due to federal subsidies.
    • 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.
    | Jan. 14, 2014, 4:24 AM | 5 Comments
  • Jan. 10, 2014, 4:31 PM
    | Jan. 10, 2014, 4:31 PM
  • Jan. 7, 2014, 3:33 AM
    • National healthcare spending grew less than 4% for the fourth year in a row in 2012, rising 3.7% to $2.8T, a report by the Centers for Medicare & Medicaid Services shows.
    • As a proportion of the total economy, expenditure edged down to 17.2% from 17.3%.
    • The authors of the report said that the continued slow increase in spending was due to the lingering impact of the recession but that Obamacare has had a limited effect. However, the White House said the figures vindicated the President's signature policy.
    • The authors were also cautious about whether the trend will continue, or whether growth will return to the higher levels experienced prior to the recession.
    • The cost of hospital care rose 4.9% in 2012 and that for doctors' services and outpatient clinics 4.6%, although spending on prescription drugs increased just 0.4%, due to patent expiries.
    • Relevant tickers: AET, HNT, HUM, UNH, WLP, MOH, HCA, CYH, THC, UHS, HMA, LPNT, WAG, CVS, BIOS, RAD, MHS, PMC, OCR, MCK, CAH, ABC, ESRX, MHS, CAH.
    • ETFS: XLV, XHE, VHT, FXH, IHF, IHI, IYH, PTH, RYH, PSCH, RXL, RXD, XHS.
    | Jan. 7, 2014, 3:33 AM | 4 Comments
  • Jan. 5, 2014, 3:48 AM
    • Early reports from health providers and online medical booking service ZocDoc indicate that demand for care from those who bought insurance under Obamacare has been modest so far.
    • There have been fears that the technical problems of the government's HealthCare.gov Web site would cause a flood of patients who thought they had bought insurance to request care only to find that they weren't yet covered.
    • The actual pace of demand should give insurers more time to process the applications that they need to enter into their systems and issue membership cards.
    • More on Obamacare.
    • Health insurers: AET, HNT, HUM, UNH, WLP, MOH.
    • 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.
    | Jan. 5, 2014, 3:48 AM | 53 Comments
XLV Description
The Health Care Select Sector SPDR® Fund, before expenses, seeks to closely match the returns and characteristics of the Health Care Select Sector Index. Our approach is designed to provide portfolios with low portfolio turnover, accurate tracking, and lower costs.
See more details on sponsor's website
Sector: Healthcare
Country: United States
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