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February 15, 2007
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MHMR Feb. 15, 2007; Volume 15, Number 3
CVS sweetens Caremark offer...’07 MCO drug costs to rise 8%...MCO 4Q06 net rises 32%...Chart: 4Q06 MCO financials: Aetna, Amerigroup, Centene, Cigna, Coventry, Health Net, Humana, Molina, Sierra, UnitedHealth, WellCare, WellPoint...Cigna names NW medical head...Coventry in workers comp deal...HMO stocks rise 1.7%...Services stocks fall 0.4%...HSA deposits near $1.5 billion...and more...
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CVS SWEETENS CAREMARK OFFER; CAN IT SAVE THE DEAL?
CVS Corp. (Woonsocket, RI) has announced that it would triple to $6 per share the special dividend payable to shareholders of Caremark Inc. (Nashville, TN) following the close of its planned merger with the company.
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4Q06 MCO NET RISES 32%
Fourth-quarter 2006 net income for 13 publicly traded managed care companies soared 32% to $2.815 billion.
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DRUG COSTS TO RISE 8% IN 2007
Preliminary data from MHMR’s annual survey of health plan drug cost trends show that prescription drugs among leading managed care organizations are expected to rise about 8% in 2007.
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LEADING BANKS HAVE $1.5 BILLION IN HSA DEPOSITS
Twenty-four leading banks had 1.152 million health savings accounts with an estimated $1.479 billion in total deposits as of Dec. 31, 2006, according to a tally by MHMR sister publication HSA Market News.
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