Kentucky turnaround to drive Wellcare profit (Feb 13)

[riky]

Kentucky turnaround to drive Wellcare profit (Feb 13)

<p><a href="http://news.yahoo.com/kentucky-turnaround-drive-wellcare-profit-feb-13-201251698--sector.html"><img src="http://l2.yimg.com/bt/api/res/1.2/0BQ1yxqLstsjOorRGn.WPQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-02-19T201251Z_1_CBRE91I1K5Y00_RTROPTP_2_DIABETES-POOR.JPG" width="130" height="86" alt="A doctor checks the blood pressure of a patient in a file photo. REUTERS/Lucy Nicholson" align="left" title="A doctor checks the blood pressure of a patient in a file photo. REUTERS/Lucy Nicholson" border="0" /></a>(Reuters) - Managed care provider Wellcare Health Plans Inc's fourth-quarter profit edged past analysts' estimates on growth in its Kentucky Medicaid health plan that previously dragged on the results of several insurers. The company's shares jumped 12 percent to a four-month high of $16.64 in early trading on the Nasdaq. Wellcare on Wednesday said it was able to increase its premium by about 7 percent in Kentucky since January under an amendment of its health plan in the region. This rate increase could help the company turn a profit in Kentucky, Citi and Wedbush analysts said. ...</p><br clear="all"/>

Source: You are not allowed to view links. Register or Login