Health insurer is dramatically cutting its participation in health care exchge leavi consumers in those markets with fewer options. And the company isnt pulling back gradually. Instead, aetna is doing it all at once. The reason . Its running up big losses in markets where patients are sicker than the company they would be. It is another blow to president obamas Signature Health reform law and follows the move of two other major insurers. The move raises a lot of questions about the landmark progra aetna says its cutting aca Exchange Programs by 70 nationally next year. Because after losing 230 million in the Second Quarter that kind of loss is unsustainable. It is a major aboutface fort aetnas ceo who just six months ago said that he p on the excha. Critics say the timing is curious, coming just after the department of justice moved to block aetnas acquisition of huma. Maybe then they were trying to butter up the department of justice to approve their merger with huma. Now, when the go
Health insurer is dramatically cutting its participation in health care exchge leavi consumers in those markets with fewer options. And the company isnt pulling back gradually. Instead, aetna is doing it all at once. The reason . Its running up big losses in markets where patients are sicker than the company they would be. It is another blow to president obamas Signature Health reform law and follows the move of two other major insurers. The move raises a lot of questions about the landmark progra aetna says its cutting aca Exchange Programs by 70 nationally next year. Because after losing 230 million in the Second Quarter that kind of loss is unsustainable. It is a major aboutface fort aetnas ceo who just six months ago said that he p on the excha. Critics say the timing is curious, coming just after the department of justice moved to block aetnas acquisition of huma. Maybe then they were trying to butter up the department of justice to approve their merger with huma. Now, when the go
Health insurer is dramatically cutting its participation in health care exchge leavi consumers in those markets with fewer options. And the company isnt pulling back gradually. Instead, aetna is doing it all at once. The reason . Its running up big losses in markets where patients are sicker than the company they would be. It is another blow to president obamas Signature Health reform law and follows the move of two other major insurers. The move raises a lot of questions about the landmark progra aetna says its cutting aca Exchange Programs by 70 nationally next year. Because after losing 230 million in the Second Quarter that kind of loss is unsustainable. It is a major aboutface fort aetnas ceo who just six months ago said that he p on the excha. Critics say the timing is curious, coming just after the department of justice moved to block aetnas acquisition of huma. Maybe then they were trying to butter up the department of justice to approve their merger with huma. Now, when the go
Three hours left in the trading session. The dow is down fractionally, 57 points down. 3m, verizon and chevron are your laggards. A couple of dow stocks are up, however, there is one massive move out there. Not in stocks. It is in gold. Gold is trading at a threemonth low, it is down 35 an ounce. As you might imagine, gold miners also getting wha inting they are deep in the red at this hour. Google unveiling a new phone at a product event under way in San Francisco. Google says the new phone costs 649 and has unlimited storage. Delta posted a smaller than expected drop in passenger unit revenues for the month of september. And sears popping within just the past two hours on reports that bids for the companys draftsman unit due by the end of this month. If you are a retailer or a shopper, this may be the most important number in the show. 81 shopping days left until christmas. A new report by the National Retail federation telling us that santa claus is coming to town this year. Courtne
In january to the second highest early 2007. Closings of 0. 4 to an annual pace of 5. 4 7 million. Prices are climbing, as we heard about in december this morning from the shiller report as well. Consumer confidence coming in ofow estimates at a reading 92. 2, 90 7. 2 is what had been anticipated by economist. That is a fresh number for february here. It is still at a threemonth high even though it came in looking at a conference board. Im getting confused between the various cymer confidence industries. One falling to 92. 2 does not tend to be necessarily a market moving number. We are seeing stocks declining on the day on concern of Economic Growth in china, concern of what is going on in oil markets as well. Lets look at the imap and the various groups on the move within the s p. A lot of the groups that are done well are now coming down today and notably, material shares are selling off. Andgy is also lower today financials are taking a hit as well. Oil prices, lets look at what is