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Thursday, August 22, 2019

Managed care providers in red over doubts with Q3 earnings

Managed care providers are under modest pressure in apparent response to a July JPMorgan hospital survey that indicated a substantial sequential increase in patient utilization of medical services that are likely to persist in Q3. In a note, analyst Gary Taylor expects the higher utilization to pressure medical loss ratios for the quarter.
Selected tickers: UnitedHealth Group (UNH -2.5%), Centene (CNC -2%), Humana (HUM -2%), Molina Healthcare (MOH -0.9%), Anthem (ANTM-1.6%), iShares U.S. Healthcare Providers ETF (IHF -1.2%)

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