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February 15, 2006
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MHMR Feb. 15, 2006; Volume 14, Number 3
SPECIAL REPORT: 4Q05 MCO Financials...4Q05 net rises 61%...Aetna, Amerigroup, Centene, Cigna, Coventry, Health Net, Humana, Sierra, UnitedHealth, WellCare, WellPoint...AT UBS: MCOs stress Part D gains...UnitedHealth, WellPoint, Health Net, WellCare...’07 Medicare rates to rise 6.5%...Centene to acquire MediPlan...Aetna promotes Bertolini...HMO stocks rise 1%...Services stocks fall 2%...and more...
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4Q05 MCO NET RISES 61%
The managed care industry continued to put up solid profit gains, with 12 publicly traded managed care organizations posting a 61% increase in fourth-quarter 2005 net income to $2.128 billion, according to an MHMR tally.
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CENTENE TO ACQUIRE MEDIPLAN
Centene Corp. (St. Louis) announced a definitive agreement to acquire provider-owned MediPlan Corp. for $8.5 million, a deal which will affect 13,000 Medicaid members in Canton, OH.
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AETNA PROMOTES BERTOLINI, FOREMAN TO EVP
Aetna Inc. (Hartford, CT) announced the promotion of Mark Bertolini, 49, to executive vice president of regional businesses, including the small group, mid-sized group, retiree, part-time and individual markets; specialty businesses such as behavioral and pharmacy; and ancillary businesses such as ActiveHealth Management.
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AT UBS: MCOs STRESS MEDICARE PART D GAINS
At the UBS Global Healthcare Services Conference in New York this month, managed care organizations in general gave an upbeat assessment of the coming year with a special emphasis on gains in the Medicare Part D drug program.
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