Managed-care companies not immune to market drop
CNN-Money, September 16, 2008
Large managed care companies saw their shares drop by more than 2% as the stock market tumbled Monday. Shares of UnitedHealth Group Inc., the largest health insurer based on revenue, dropped more than 3% after the news of Lehman Brothers Holdings' bankruptcy plans and Merrill Lynch's forced sale to Bank of America for $50 billion in stock.
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