Profit Rises 10% at Health Insurer
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Cigna said its fourth-quarter profit rose more than 10 percent as medical spending fell.
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Managed-care service provider Wellcare Health Plans is showing robust returns.
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The health insurer beats some estimates and raises others.
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Insurer UnitedHealth Group Inc.  said on Thursday that second-quarter profit rose 22 percent, beating analyst estimates, as premium revenue increased and operating margins improved, but an important medical-cost gauge worsened from the first quarter.
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Health insurer Aetna Inc. (AET.N: Quote, Profile, Research) on Thursday posted a five-fold increase in third-quarter profit as it boosted membership and benefited from a big tax refund from discontinued operations.
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Australian travel retailer Flight Center Ltd.  said on Thursday its first-half profit rose 10 percent, boosted by recent acquisitions despite disappointing sales growth.
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UnitedHealth Group Inc. UNH.N, the  second biggest managed health care company, on Thursday said  profit rose as its premiums outpaced the soaring cost of  medical care.
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Humana Inc  posted a sharply higher quarterly profit on Monday, above Wall Street's target, on continued strength in its Medicare health plans for the elderly and its plans for employers.
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Abbott Laboratories, the maker of health-care products ranging from pediatric nutritional drinks to HIV tests, said third-quarter profit rose 15 percent as prescriptions climbed for its Humira rheumatoid-arthritis drug.
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UnitedHealth Group Inc. , the second biggest managed health care company, on Thursday said profit rose as its premiums outpaced the soaring cost of medical care.
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Health insurer WellPoint Inc  said on Wednesday that third-quarter profit rose 7 percent as membership increased.
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The health insurer said its fourth-quarter profit rose 13 percent on higher premiums and fees from specialty insurance and Medicare Part D.
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Third-quarter profit rose 15 percent to $1.28 billion as  premium and fee growth in its Medicaid business helped offset lower enrollment in employer-sponsored programs.
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UnitedHealth Group, the nation's second-largest managed care company, reported Thursday that fourth-quarter earnings leapt 45.8 percent, capping a year in which it added six million new members.
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Hillenbrand Industries Inc. HB.N,  which makes medical equipment and caskets, on Tuesday said  quarterly earnings rose ten-fold, capping a year that saw sales  helped by acquisitions.
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WellPoint Health Networks Inc. WLP.N,  the No. 2 health insurer by enrollment in the U.S., on Monday  posted a steep rise in quarterly profit as it kept health  premiums above rising medical costs and added new members.
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Partners HealthCare, which runs Massachusetts General Hospital and Brigham and Women's Hospital, posted an operating profit of $28.9 million in the latest quarter, nearly six times its $4.9 million profit of a year earlier.