On the heels of one big insider purchase of UnitedHealth Group stock comes another. This time, the top executive of the diversified health-care company bought a record number of shares. CEO David Wichmann paid $4.6 million on May 3 for 20,000 UnitedHealth shares, an average per-share price of $231.79, for his personal account, which now holds 904,367 shares.
Hedge funds Corvex Management LP and Sachem Head Capital Management LP have built stakes in U.S. health insurer Centene Corp and are exploring challenging its planned $17.3 billion acquisition of WellCare Health Plans Inc, people familiar with the matter said on Monday.
Wall Street sees the chances of the U.S. shifting to a government-run health-care system as incredibly slim. But unpredictable politics over the last three years has investors worried and punishing health-care stocks all the same. Health care is the worst-performing sector in the S&P 500 this year as Sen. Bernie Sanders, D-Vermont, and other presidential hopefuls push “Medicare for All,” a plan to replace private health insurance with public coverage, as part of their 2020 campaigns.
Healthcare is a major burden for seniors on a fixed income, and the costs involved can far exceed what the typical retiree plans for. Now without knowing exactly what your health will look like as you age, it's virtually impossible to predict how much you'll ultimately need to spend on medical care. What you should know, however, is that some expenses might really catch you off-guard if you don't plan for them. Here are a few to be aware of.
Soaring deductibles and medical bills are pushing millions of American families to the breaking point, fueling an affordability crisis that is pulling in middle-class households with health insurance as well as the poor and uninsured.
UPMC on Thursday reported a $41 million year-over-year drop in operating income for the first three months of 2019, a drop that officials blamed on higher pension expense, rising costs and “increased physician investment.” The Pittsburgh health system reported a decline in operating income from $92 million to $51 million, despite seeing an increase in operating revenues from $4.6 billion to $5.1 billion.