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WCG - Potential return of Obamacare tax weighs on managed care firms/health insurers
Wellcare Health Plans Inc.
Health insurers and managed care providers are in the red after Humana (HUM-3.2%) CFO Brian Kane cited concerns about the return of an Obamacare tax based on a company's market share. He commented on the issue during the company's investor event yesterday saying the tax could trim 2020 EPS by ~10% ($2.15). A proposal to change the drug rebate landscape is also pressuring insurers as well as the drug supply chain.
More news on: Humana Inc., Health Insurance Innovations, Inc., WellCare Health Plans, Inc., Healthcare stocks news, Stocks on the move,