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UnitedHealth Group Inc.

5/20/2013, 2:31 AM ET

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Thursday, April 18, 11:46 AM In it's conference call earlier, UnitedHealth (UNH -3.5%) CEO Stephen Hemsley reiterates its cautious stance on stated-based insurance exchanges, saying the company hasn't changed its view about selling insurance over exchanges set to open later this year under the health-care overhaul law. "We will be very selective in where we participate and do not believe the exchanges will be a significant factor for us," Hemsley noted. (Webcast). 3 Comments [Healthcare, Earnings]
Thursday, April 18, 10:10 AM UnitedHealth (UNH -4%) expects sequestration cuts could be a $250-300M burden in 2013. On the company's earnings call, CEO Stephen Hemsley says that Medicare Advantage is underfunded for 2014, and that he expects to consider exiting certain markets. (UNH Q1 report) Comment!
Thursday, April 18, 8:27 AM More on UnitedHealth (UNH -3.3%) Q1: net profit -14% to $1.19B, partly because of lower government payments. Medical costs +13% to $22.57B. Reiterates 2013 EPS forecast of $5.25-5.50 vs consensus of $5.51, but says that the impact of sequestration will affect the upper end. Cuts revenue outlook to $122B from a prior forecast of $123-124B and vs consensus of $123.76B, due to a major client switching its insurance to a self-funded approach. (PR) 4 Comments [Healthcare, On the Move, Earnings]
Thursday, April 18, 6:02 AM UnitedHealth (UNH): Q1 EPS of $1.16 beats by $0.02. Revenue of $30.3B (+11% Y/Y) misses by $0.19B. (PR) Comment! [Earnings, Breaking News, Healthcare]
Thursday, April 18, 12:05 AM Notable earnings before Thursday’s open: ADS, AN, APH, BAX, BBT, BPOP, BTU, BX, CY, DHR, FCS, FCX, FITB, KEY, LDK, MMR, MS, NOK, NUE, OMC, PBCT, PENN, PEP, PM, PPG, SHW, SNA, SON, TSM, TZOO, UNH, UNP, VZ Comment! [Earnings]
Wednesday, April 17, 5:30 PM Notable earnings before Thursday’s open: ADS, AN, APH, BAX, BBT, BPOP, BTU, BX, CY, DHR, FCS, FCX, FITB, KEY, LDK, MMR, MS, NOK, NUE, OMC, PBCT, PENN, PEP, PM, PPG, SHW, SNA, SON, TSM, TZOO, UNH, UNP, VZ Comment! [Earnings]
Wednesday, April 10, 8:06 AM The $500M jury award against UnitedHealth (UNH) following a doctor's shoddy procedures is "groundbreaking," says lawyer John Beisner. "It opens the door to putting insurance companies consistently on the line for the actions of any physician who they compensate for services." However, Harvard Law School's Glenn Cohen reckons the award will be reduced on appeal. 1 Comment [Healthcare]
Wednesday, April 10, 3:35 AM A Nevada jury has ordered UnitedHealth (UNH) to pay $500M in punitive damages for failing to properly supervise a doctor who has been blamed for causing two colonoscopy patients to contract hepatitis C by his reuse of anesthetic vials and failure to sterilize equipment. The award comes on top of $24M in compensation that UnitedHealth must pay. 1 Comment [Healthcare, Top Stories]
Tuesday, April 9, 9:01 AM UnitedHealth (UNH) and three large health systems have launched a venture that will conduct independent studies on the long-term effectiveness of medical devices that are implanted into patients. Called SharedClarity, the idea is that doctors will be able to use the results to select the best devices for patients, while the venture's partners will be able to negotiate better deals with manufacturers. Comment! [Healthcare]
Friday, April 5, 10:45 AM UnitedHealth (UNH +0.4%) bounces back from an early morning loss after a jury in Nevada decided late yesterday that a local UnitedHealth unit is responsible for two members who contracted hepatitis C after visiting a problem endoscopy service, and has awarded the plaintiffs $24M in compensatory damages. The jury also said UNH's Health Plan of Nevada is liable for punitive damages, which will be argued in proceedings to be held Friday. Comment! [Healthcare]
Tuesday, April 2, 10:41 AM Goldman Sachs opts to remain selective on a few names in the managed care sector following yesterday's announcement by the CMS that Medicaid Advantage rates were going higher. It's reiterating a CL-Buy on UnitedHealth (UNH +7.6%), calling its valuation under 10X FY14 EPS attractive, as well a Buy on Health Net (HNT +3.6%) and WellCare (WCG +5.2%). It maintains Sell ratings on Humana (HUM +8.3%) and Universal American (UAM +9.9%) however, noting the majority of their earnings are tied to Medicaid Advantage with about half of those members in non-HMO plans." Comment! [Healthcare, On the Move, U.S. Economy]
Monday, April 1, 6:12 PM The Centers for Medicare and Medicaid Services, after originally calling for reducing Medicare Advantage payments in February, seem to have reversed course, now projecting that combined growth in Medicare Advantage rates and fee-for-service rates will be 3.3%. Though it's unclear precisely what that may mean for health insurers, the markets are taking it as a positive: HUM +9%, AET +2.3%, WCG +4.1%, UNH +4% AH. 3 Comments [Healthcare, On the Move]
Monday, April 1, 5:37 PM After-hours top gainers, as of 5:15 p.m.: BGCP +43%. HUM +9%. NUAN +6%. AMSC +6%. UNH +4%.
After-hours top losers: NAT -6%. ATLS -3%. CECO -3%. SCVL -3%. IMN -2%. 1 Comment [On the Move]
Monday, April 1, 4:08 PM Health insurers surge into the close as the final notice on Medicare Advantage reimbursement is due today: Humana (HUM +8.6%), UnitedHealth (UNH +3.1%), Wellcare Healthplans (WCG +3.9%), Coventry Health (CVH +1%) Centene (CNC +1%) and Aetna (AET +2.5%). Comment! [Healthcare, On the Move]
Tuesday, March 12, 1:47 PM UnitedHealth (UNH +1.3%) makes some cautious comments today at Barclay's Healthcare Conference regarding its participation in upcoming health-insurance exchanges. The new state-based marketplaces are supposed to open later this year under the health-overhaul law, which could translate into millions of new members worth billions in revenue for health insurers. But companies have generally been hesitant about their planned participation, opting to wait and see how well markets function first. "Our position on exchanges is that our entry will be measured," says UNH CFO David Wichmann. 1 Comment [Healthcare, On the Move]
Tuesday, March 12, 9:42 AM The New York State Psychiatric Association and mental-health patients have sued UnitedHealth Group (UNH +0.3%) for allegedly violating New York parity laws that prevent insurers from placing more restrictive limits on mental healthcare than for other conditions. UnitedHealth is also accused of breaching federal law by not paying for mental health treatment until final internal appeals were sorted out. Comment! [Healthcare]

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