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Fly News Breaks for November 20, 2015
UNH, WCG, MOH, CNC
Nov 20, 2015 | 08:26 EDT
Leerink analyst Ana Gupte says the Managed Medicaid players, namely Centene (CNC), Molina Healthcare (MOH) and WellCare (WCG), were "unfairly punished" yesterday following UnitedHealth's (UNH) Public Exchange-related guidance cut. The Managed Medicaid companies are enjoying "healthy" margins on the Public Exchange marketplace since their target sub segment is below 250% of Federal Poverty Level, Gupte tells investors in a research note. She recommends buying Centene, Molina and WellCare on yesterday's selloff.