Health insurer Coventry (CVH +2.4%) forecasts 10%-12% gains in Medicare Advantage membership...

|By:, SA News Editor

Health insurer Coventry (CVH +2.4%) forecasts 10%-12% gains in Medicare Advantage membership this month, while Medicare Part D membership is seen rising 23%-25%. As such, Coventry expects to add more than $1.7B in new revenue this year, or ~14% gain, while earnings growth is seen beyond the upper end of the company's range.