medicare

President Donald Trump plans to present a $4.8 trillion budget on Monday, which will propose cuts in safety-net programs like Medicare and Medicaid. What Happened Trump’s budget will also propose a 21% cut in foreign aid for fiscal 2021. Reuter’s reports that Trump had tried to cut the...

Davita Inc (NYSE: DVA) surged to all-time highs Friday after winning the praise of a new market advocate. Medicare is largely to thank. The Rating Goldman Sachs analysts led by Stephen Tanal upgraded Davita to Buy and raised their price target from $72 to $97. The Thesis Next year, the U....

Shares of precision dermatology company DermTech Inc (NASDAQ: DMTK) are rallying Thursday after receiving Medicare coverage for its diagnostic test to rule out skin cancer. The California-based company said the Medicare Administrative Contractor Palmetto GBA MolDx issued a final local coverage...

After a year of sector underperformance, several factors are coalescing to make 2020 a better year for the health care sector, Goldman Sachs said Monday as it added three stocks to its conviction list. The Analyst Asad Haider added Amgen, Inc. (NASDAQ: AMGN), UnitedHealth Group Inc (NYSE: UNH...

Mizuho recommended buying three health insurer stocks as it initiated coverage of the sector Thursday.  The Analyst Mizuho's Ann Hynes initiated coverage of Humana Inc. (NYSE: HUM) with a Buy rating and $316 price target.  Hynes started Cigna Corp. (NYSE: CI) with a Buy and...

Plenty of health care exchange traded funds can be dubbed disappointing this year. The iShares U.S. Healthcare Providers ETF (NYSE: IHF) is one fund that belongs in that group. What Happened While IHF's year-to-date gain of 5.88% is tepid at best, the fund's lethargy is not its fault....

Health insurer Centene Corp (NYSE: CNC) said Wednesday it reached an agreement to acquire WellCare Health Plans, Inc. (NYSE: WCG), a provider of government-sponsored managed care services, for more than $15 billion. What Happened The combination of St. Louis-based Centene and Tampa-based WellCare...

CVS Health Corporation (NYSE: CVS) is one step closer to acquiring Aetna Inc. (NYSE: AET) after the U.S. Department of Justice preliminary approved the $69 billion merger. What Happened CVS proposed to buy Aetna in late 2017 in a deal that would combine the largest drugstore chain with Aetna's...

The American health care system is an unsustainable, half-century-old design that engages in price discrimination and has failed to employ technology to its potential to lower costs and expand access, Eli Lilly And Co (NYSE: LLY) CEO David Ricks told the Detroit Economic Club Thursday. The pharma...

WellCare Health Plans, Inc. (NYSE: WCG), a managed care company, is well positioned to take advantage of favorable industry-wide conditions both domestic and international, according to Argus. The Analyst Argus Research's John Staszak initiated coverage of WellCare Health Plans with a Buy...

Stocks representing the U.S. drug supply chain temporarily tumbled Friday as President Donald Trump proposed a broad plan to lower consumer health costs. These stocks recovered almost immediately as investors evaluated the unexpectedly benign strategy. His strategy includes: Equipping Medicare...

Pharmaceutical manufacturers are lobbying to reverse Medicare Part D discounts before Congress passes its omnibus spending bill by March 23.  By Height Capital Markets’ assessment, the odds are marginally in big pharma's favor. The campaign-leading Pharmaceutical Research and...

Projected 2019 tailwinds led Credit Suisse to upgrade Humana Inc (NYSE: HUM) after the health insurer released a beat-and-raise fourth-quarter report Wednesday. The Analyst Credit Suisse analyst A.J. Rice upgraded shares of Humana from Neutral to Outperform and increased the price target...

The bullish case for owning Walgreens Boots Alliance Inc (NASDAQ: WBA) has come to an end, says analysts at Morgan Stanley. The firm's Ricky Goldwasser downgrades Walgreens Boots' stock rating from Overweight to Equal-Weight with a price target lowered from $95 to $85. Walgreens is expected to...