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Archive for November 14th, 2008

NAHU to Comment on CMS’ Interim Final Rule

Posted in CMS on November 14, 2008 | 10 Comments »

I got this as a part of a bulk e-mail from NAHU tonight.  Apparently, they are in the process of preparing detailed comments on behalf of the NAHU members.  Here is the full story: On September 15, The Centers for Medicare and Medicaid Services (CMS) released rules containing marketing requirements for health insurance producers selling private Medicare Advantage plans [...]

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WellCare Shares Plunge as Insurer Seeks New Funding

Posted in Insurance Companies, Wellcare on November 14, 2008 | 6 Comments »

Yesterday’s 50%+ drop in stock price seems to revolve around a myriad of issues: Debt is coming due in 6 months as they are in default on $153.2 million loan facility.  Company is working with Goldman-Sachs to raise capital.  This is problem is compounded by #’s 2, 3, 4 and 5 below which may create difficulty [...]

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