UPDATE 3-Supreme Court tells U.S. government to pay insurers $12 billion under Obamacare [Reuters (UK)]
Humana Inc. (HUM)
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Source: Reuters
Supreme Court tells U.S. government to pay insurers $12 billion under Obamacare - Reuters 4 Min Read WASHINGTON (Reuters) - The federal government must “honor its obligations” and pay private insurers $12 billion owed to them under an Obamacare provision aimed at encouraging them to offer medical coverage to uninsured Americans, the U.S. Supreme Court ruled on Monday. The 8-1 ruling authored by liberal Justice Sonia Sotomayor paves the way for a significant one-time cash infusion for major companies such as Humana Inc, Anthem Inc and Centene Corp. The justices reversed a lower court’s ruling that Congress had suspended the government’s obligation to make such payments under the Affordable Care Act, widely known as Obamacare. Unlike other litigation involving Obamacare - long targeted by Republicans for repeal in Congress or invalidation through the courts - this case concerned only payments to insurers and did not directly challenge the law itself. The Supreme Court in its next term,
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News
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- Humana Inc. (NYSE: HUM) had its price target raised by analysts at Morgan Stanley from $288.00 to $301.00. They now have an "equal weight" rating on the stock.MarketBeat
- Shareholders in Humana (NYSE:HUM) are in the red if they invested a year ago [Yahoo! Finance]Yahoo! Finance
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