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Deutsche Bank has issued an industry alert report on the Managed Care sector rate filings published by Blue Cross Blue Shield of North Carolina (BCBS-NC).
This report was submitted by BCBS-NC to the NC Department of Insurance for plan effective January 1, 2011, when some of the initial health care reforms go into effect. BCBS-NC has filed for rate increases that will affect 300,000 individuals in North Carolina, 70% of which will see increases below 10% including 28,000 who will see decreases.
The Blue Advantage plan will increase by 6.97% and the Blue Option HSA plan by only 2.06%, rates at their lowest since 2007. Premiums are likely to increase in 2014 when health care reform eliminates underwriting.
Focus stocks include:
Aetna
AET Buy, $35 price target, $27.15
AmeriGroup
AGP Buy, $43 price target, $38.14
CIGNA
CI Hold, $40 price target, $32.72
Centene
CNC Hold, $24 price target, $20.72
Coventry Health Care
CVH Hold, $23 price target, $20.01
eHealth
EHTH Hold, $13 price target, $9.85
Health Net
HNT Hold, $26 price target, $23.29
HealthSpring
HS Hold, $20 price target, $18.27
Humana
HUM Hold, $48 price target, $48.50
Healthways, Inc.
HWAYLoading...
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Hold, $15 price target, $13.04
Magellan Health
MGLN Buy, $49 price target, $43.32
Molina
MOH Hold, $25 price target, $26.07
Universal American
UAM Hold, $16 price target, $13.91
UnitedHealth Group
UNH Hold, $36 price target, $31.50
WellCare Health Plans
WCG Hold, $25 price target, $25.12
WellPoint
WLP Buy, $68 price target, $49.64
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date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
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Posted In: Analyst ColorNewsGuidanceMarketsAnalyst RatingsAetnaAmeriGroupBCBS-NCCenteneCIGNACoventry Health CareDeutsche BankeHealthFinancialsHealth CareHealth Care ServicesHealth NethealthspringhealthwaysHumanaInsurance Brokersmagellan healthManaged Health Caremolinauniversal americanwellcareWellPoint
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