Stocks end mixed; health care stocks slump

NEW YORK A sluggish September continued for U.S. stocks as investors assessed the outlook for interest rates, the latest sanctions against Russia and volatile energy prices.

Stocks ended the day mixed after gains for dividend-rich utilities stocks largely offset a slump in health care companies. Lululemon, the high-end yoga apparel maker, surged after reporting earnings that surpassed analyst's forecasts.

The stock market has had a slow start to the month, and the Standard & Poor's is on track to end the week with a loss for the first time in six weeks. Investors are struggling to find an impetus to push prices higher with the market close to all-time highs.

"The market might just be pausing here to digest and see what we have to propel it one way or the other," said Jeff Morris, head of U.S. equities at Standard Life Investments.

The Standard & Poor's 500 index rose 1.76 points, or 0.1 percent, to 1,997.45. The Dow Jones industrial average dropped 19.71 points, or 0.1 percent, to 17,049. The Nasdaq composite rose 5.28 points, or 0.1 percent, to 4,591.81.

Stocks started the day lower, led by a big decline for energy stocks as the price of oil extended its declines from a day earlier. Oil futures turned higher throughout the morning as traders judged that new sanctions against Russia over its involvement in Ukraine might crimp supplies. As oil prices rebounded, so did energy stocks.

The price of oil rose $1.16 to close at $92.83 a barrel on the New York Mercantile Exchange, after dropping close to $90 a barrel in early trading.

The stock market gains were led by utilities, which climbed 0.9 percent.

Health care stocks fell the most, declining 0.3 percent.

The industry has been the best-performing sector this year, climbing 15.5 percent, compared to a gain of 8.1 percent for the broader index.

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Stocks end mixed; health care stocks slump

Health Care REIT Boosts Liquidity; Guides 2H14 Buyouts – Analyst Blog

Health Care REIT, Inc. ( HCN ) disclosed the offering of 15.5 million common shares to strengthen its liquidity position. The company also provided underwriters a 30-day option to buy additional common shares of up to 2.3 million.

To be particular, Health Care REIT expects to use the generated proceeds from this offering to pay off advances under its main unsecured credit facility as well as meet investment needs in health care and seniors housing assets. The Goldman Sachs Group, Inc. ( GS ) and RBC Capital Markets of Regal Beloit Corporation ( RBC ) assisted this real estate investment trust (REIT) in this public offering.

For Health Care REIT, whose cash and cash equivalents stand at $207.4 million as of Jun 30, 2014, the payment of debt is encouraging, as it would reduce interest expenses. However, the dilutive effect of this offering on the shares cannot be avoided. Nevertheless, strategic investments will help Health Care REIT to enhance its portfolio quality, which in turn will boost its top-line growth going forward.

In view of this, on a separate development, Health Care REIT stated its projected acquisition pipeline of around $1.7 billion of properties for the second half of 2014. This was based on the acquisition completed in the third quarter and deals inked so far. Notably, the figure includes previously declared major buyouts of Gracewell Health Care business with Sunrise Senior Living; and HealthLease Properties REIT. The move was aimed at strengthening the company's focus on high-barriers-to-entry affluent markets around the world.

Health Care REIT currently carries a Zacks Rank #3 (Hold). Omega Healthcare Investors Inc. ( OHI ) is a better-ranked REIT having a Zacks Rank #2 (Buy).

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Health Care Reform Creating Need for Change in Financial Management – Video


Health Care Reform Creating Need for Change in Financial Management
Jason Sussman, managing director for Kaufman Hall and Associates, says that the process of reform can distract chief financial officers from their core mission. For more, see H HN #39;s September...

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A Health Care Revolution

My doctors office is typical of many medical offices nowadays. All the pertinent patient information is stored digitally, and the doctor spends as much time in the examination room staring at a computer screen as she does peering down my throat and listening to my heartbeat. The last time I had a checkup, I asked her how she liked her ever-present digital assistant, and she admitted that its a mixed blessing. With all the records in one place, theres no more running around tracking down blood tests, she told me. But on the downside, she feels as if she spends more time with the PC every day than she does with patients. Her ambivalence is shared by a lot of people in health care today.

Among the side effects of recent legislation is a slew of new investing opportunities, says senior associate editor Nellie Huang, who wrote our story on top health care mutual funds. For example, the American Recovery and Reinvestment Act of 2009 gave doctors and other providers incentives to digitize health care records, spurring growth among companiessuch as Allscripts and Cernerthat provide the technology. The Affordable Care Act is standardizing coverage in the insurance industry, prompting insurers to take over health care providers in order to diversify their business. At the same time, hospitals under the gun to hold down costs are expanding into the insurance business.

Meanwhile, big drug firms are cutting back on research and development in favor of buying products that have been successfully tested by other companies. Fund managers are looking for companies with drugs in the pipeline that are potential game changers, says Nellie. One notable example is Gilead Sciences Sovaldi, which can cure most cases of hepatitis C.

All in all, Nellie writes, a revolution is under way in health care, and its not too late to cash in. In fact, Dan Wiener, editor of the Independent Adviser for Vanguard Investors newsletter, told Nellie, I cant say enough good things about having an overweight exposure to health care in a portfolio (see Insider Interview).

Impact on patients. So why the ambivalence? All this activity spells opportunity for investors, but its not clear how the changes will play out for patients. Theres concern that the emphasis on efficiencies and consolidation may mean less-personalized medical care. And consumers are already seeing higher deductibles, shrinking provider networks and potentially higher out-of-pocket costs.

In my July column, I noted that in order to comply with the law and keep premiums the same, my husbands employer had switched to a policy with a substantially higher deductible. In response, I heard from Jim Fredyma, a reader from Contoocook, N.H., who took me to task for a lack of meaningful advice regarding increases in health insurance, co-payments and deductibles. My column has limited space, but I did refer readers to contributing editor Kim Lankfords story in the same issue, Solutions For 3 Health-Insurance Challenges, for detailed advice on how to cope with the changes. And now Im happy to point Mr. Fredyma and others to Kims latest story, the second in what we envision as an ongoing series. Kims comprehensive analysis offers step-by-step guidance on how to save thousands on medical expenses. There are a lot of strategies that can help you save money, as well as resources that can help pay the costs, says Kim. People just need to know how to find them. Weve done the work for you.

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A Health Care Revolution

Health care rates up slightly

The price of employer health insurance rose a modest 3 percent this year, a major survey shows, but workers will be paying more when they get sick as deductibles soar.

Annual insurance premiums for families increased 3 percent, on average, to $16,834, according to the survey released Wednesday by the Kaiser Family Foundation and the Health Research & Educational Trust.

Those results reflect a recent trend of slower growth in health care costs. But many employers and health-policy experts predict bigger increases for 2015 and beyond as the economy recovers.

"Large employers are skeptical the current low trends will continue for a variety of reasons," said Bill Kramer, executive director for national health policy at the Pacific Business Group on Health, which represents large employers such as Boeing and Walt Disney.

"Historically, periods of slow growth have always been followed by rapid increases," Kramer said.

Insurance offered by employers is the primary source of health coverage for Americans, providing benefits to about 150 million people. Most employers will begin open enrollment for 2015 plans in the coming weeks.

Even modest changes in medical costs have been difficult to absorb for many businesses and workers hurt by the Great Recession. Many employers have cut their financial exposure by foisting more costs on to workers.

The average employee deductible has increased 47 percent since 2009 to $1,217 annually. Eighteen percent of workers face a deductible of at least $2,000. Workers typically must pay that amount before most medical services are covered by their health plan.

Some health-policy experts credit higher deductibles with helping hold down medical costs by discouraging people from getting care or motivating them to be savvier shoppers. But throwing up barriers to cost-saving preventive care is a potential downside.

"Higher deductibles may be good if you're relatively young and healthy," said Drew Altman, chief executive of the Kaiser Family Foundation in Menlo Park, Calif. "But they may be a bad thing if you are lower or moderate income or chronically ill. This can be a real burden on the family budget."

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Health care rates up slightly

Survey: Employers health-care premiums continue to grow

View Larger HEALTH-CARE PREMIUMS

Read a summary of the 2014 Employer Health Benefits Survey.

Hospital / Urgent Care Locator

Employers health-care premiums continued to grow modestly this year, with the cost of family coverage rising 3 percent, according to an annual study released yesterday.

But many workers particularly those making less money probably dont feel theyre getting much of a break.

Annual premiums for employer-sponsored family health coverage averaged $16,834 this year, with workers picking up $4,823 of that tab, according to the survey by the Kaiser Family Foundation and Health Research & Educational Trust.

For worker-only coverage, the overall annual premium cost was $6,025, on average, with employees chipping in $1,081.

Foundation officials said the growth in premiums has slowed. The total increase over the past five years was 26 percent, compared with a total increase of 34 percent during the five years prior to that period.

Whats still unclear is the degree to which the slower rise in health-care costs is due to the recessions effects and to changes in the health-care system and the delivery of health care.

There is no question ... that we are seeing historic moderation in costs, including in premiums ... over a considerable period, said Drew Altman, president and CEO of the Kaiser Family Foundation, during a conference call with reporters.

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Survey: Employers health-care premiums continue to grow

Sheriff drops jail health-care provider tied to inmate death

TAMPA After nearly 10 years, the Hillsborough County Sheriffs Office is dropping the contractor that provides health-care services to jail inmates following in the footsteps of the Pinellas sheriff earlier this year.

Out is Armor Correctional Health Services, which had been treating sick and injured inmates for nine years under a contract that cost the jail about $20 million a year, and in is NaphCare, a company based in Birmingham, Alabama, that currently provides health care for prisoners in federal prisons, including one in Marianna, and about a dozen county jails, all outside Florida.

The contract award was announced Wednesday.

Seven health-care providers submitted bids for the job, including Armor, which was tarnished by a misdiagnosis two years ago that resulted in an inmates death and a settlement. The inmate had suffered a stroke that was not detected by an Armor nurse. The man died, resulting in a $1 million settlement for the family. Armor paid $800,000 and Hillsborough County the rest.

Armor ran into problems at the Pinellas County jail earlier this year. Whether the Hillsborough incident played into it or not, Pinellas jail officials terminated the contract with Armor in June, opting to take care of its own inmates and not give the health provider job to a private company.

NaphCare general counsel Brad Cain said a team is expected in Tampa on Thursday to iron out the details of its new contract with the sheriffs office and to meet with the current health-care staff, all of whom work for Armor until the end of the month.

The goal, he said, is to retain everyone on that medical staff.

We always like to keep the staff in place, Cain said Thursday afternoon. We will be meeting with them tomorrow and Friday.

He said he received notice Wednesday about winning the bid.

He said he couldnt discuss specifics of the contract until its finalized but described the fees as comparable to what Armor is charging, about $20 million a year.

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Sheriff drops jail health-care provider tied to inmate death

CVS Caremark Announces Name Change to CVS Health to Reflect Broader Health Care Commitment … – Video


CVS Caremark Announces Name Change to CVS Health to Reflect Broader Health Care Commitment ...
CVS Caremark Corporation (NYSE: CVS) announced today that it is changing its corporate name to CVS Health to reflect its broader health care commitment and i...

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CVS Caremark Announces Name Change to CVS Health to Reflect Broader Health Care Commitment ... - Video

Russian doctors, nurses practice health-care diplomacy in La Crosse

Health care diplomacy trumps political tension between the United States and Russia for a delegation of doctors and nurses visiting La Crosse to glean ideas to improve care back home.

The two doctors and three nurses are rubbing elbows with their counterparts and others at Gundersen Health System this week as part of World Services of La Crosses Bridging Cancer Care project.

Our main goal is to improve the health of our patients, their quality of life, Dr. Mikhail Frolov said through an interpreter in answer to a question about strained U.S.-Russian relations. The politics between our countries doesnt make a difference.

On the other hand, their concerns mirror those of their U.S. colleagues not only in health care but also in costs.

Nurse Margarita Vakulina said delegation members learned valuable lessons from the start Monday, as they observed the role of Gundersens nurse coordinators in streamlining care. The position, which does not exist in Russian health care, involves working with patients and dovetailing care with providers and hospital services.

We saw how much money can be saved with just a small number of nurses coordinating care, Vakulina said. If you are talking about costs, this is very important. We are always looking for better practices.

Russias health care system has major differences, Frolov said, adding, Health care in Russia is a government system, with a different structure, different financing and different insurance.

Nurse Irina Azrapkina said, What we can see now is that we cant say one is better than the other all are good, but in different ways.

But we already know that small steps in practice can create big changes in care, Frolov said.

One such change involves patient education, particularly regarding cancer the second-leading cause of death in Russia, delegation members said.

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Russian doctors, nurses practice health-care diplomacy in La Crosse

'Must-have' sexual health services for men outlined in report

Compared with women, American men have worse access to reproductive and sexual health care, research shows, a disparity fueled in part by the lack of standard clinical guidelines on the types and timing of exams, tests and treatments that should be offered to all men of reproductive age.

Now a report, developed jointly by Johns Hopkins experts and the federally funded Male Training Center for Family Planning and Reproductive Health, aims to fill that need.

The report, released on Sept. 9, is designed for primary care clinicians, male health specialists and health officials, and outlines steps to fix the problem. Among other recommendations the document enumerates the reproductive and sexual health screening tests, exams and interventions that all men should receive regularly. The report also offers guidance to clinicians on how to discuss reproductive and sexual health issues, including how to prevent unplanned pregnancies and sexually transmitted infections.

"Many clinicians forgo delivering these critical services because of a lack of uniform guidelines, confusion about the benefits of certain tests, or merely because men's sexual or reproductive health is not on a physician's radar," says report lead author Arik Marcell, M.D., M.P.H., an adolescent medicine expert at the Johns Hopkins Children's Center. "We hope this document will lay the foundation for improving access to care and help us close, or at least narrow, the gender gap in reproductive health."

The experts note that improving men's sexual health will also help sustain recent gains in women's reproductive health.

"Over the last decade, women's access to reproductive and sexual health services has improved by leaps and bounds. This is a laudable achievement, but only half the battle," says report co-author Anne Rompalo, M.D., Sc.M., an infectious disease specialist and epidemiologist at Johns Hopkins Bayview Medical Center. "Our next step should be ensuring that American men have equal access to such critical services because population-wide benefits can only be sustained if both men and women receive equal attention to sexually transmitted diseases and reproductive health problems."

Specifically, the report recommends that clinicians provide the following services to reproductive-age males, including teens, at least annually: A comprehensive clinical history and exam that include screening for mental disorders, depression, and alcohol and drug use Discussion of a patient's desire to have a family and development of an individualized plan reflecting any relevant preconception health needs A thorough sexual health assessment, including conversations about sexual practices and partners Screening for HIV and other sexually transmitted infections Discussion of intimate partner violence and any problems related to sexual function, which may signal other underlying disorders such as heart disease A detailed vaccination history A panel of lab tests for certain sexually transmitted infections Counseling on safer sex practices, including condom use, pregnancy prevention and preconception health, and counseling on sexuality, sexual identity, relationships and sexual dysfunction

"Clinicians can utilize these guidelines to transform access to sexual and reproductive health services for male patients," says Melissa Weiler Gerber, president and CEO of AccessMatters, formerly Family Planning Council, the host organization for the Male Training Center run in collaboration with the Johns Hopkins University School of Medicine. "We are confident these groundbreaking recommendations will make the delivery of services to males more comprehensive, regardless of where they receive their healthcare."

The report also urges clinicians to engage a patient's sexual partner in reproductive and sexual health conversations and to provide services to men who have sex with men that go beyond HIV counseling and prevention. Such couples, the authors say, may have other reproductive and family planning needs.

The report highlights areas that merit special attention among male teens and recommends that: Physicians specifically engage teens in talks about their transition into adulthood, sexual identity, sexual orientation and relevant risk factors. Clinicians remain hyper-vigilant about mental health issues among gay, bisexual and transgender teens due to these groups' well-known risk for depression, substance abuse and suicide.

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'Must-have' sexual health services for men outlined in report

McAuliffe proposes limited health care expansion

RICHMOND, Va. (AP) -- Virginia Gov. Terry McAuliffe announced scaled back plans Monday to increase health care coverage for the state's poor, but it will not provide coverage for the vast majority of the 400,000 low-income adults who would have been eligible for an expanded Medicaid program.

The only low-income adults eligible for new health coverage under McAuliffe's plans would be about 20,000 currently uninsured residents who have a severe mental illness.

The governor has made expanding Medicaid using mostly federal funds a top priority and has repeatedly promised that he would do so. But he said Monday that he does not have the authority to do it without the General Assembly, where the Republican majority staunchly opposes expansion.

"Trust me, If I could do this on my own I would do it," McAuliffe said at a Capitol news conference. He added that he's not giving up on expansion and remains optimistic that it can be done in the future.

In place of Medicaid expansion, McAuliffe announced a 10-point plan Monday aimed at encouraging adults and children already eligible for publicly subsidized health care coverage to enroll in various programs.

The state and the federal government would each pay about $80 million a year to cover the costs of new coverage for uninsured residents with a severe mental illness. The plan still has to be approved by the federal Centers for Medicare and Medicaid Services.

The governor also plans to begin including dental coverage for about 45,000 pregnant women who already receive publicly funded health care and to allow state workers to enroll their children FAMIS, an insurance program for low-income children whose families don't qualify for Medicaid.

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McAuliffe proposes limited health care expansion

CA senator looks to provide health care for states undocumented

By Steve Angeles, ABS-CBN North America Bureau

Sept. 9, 2014

LOS ANGELES While President Barack Obama has touted the Affordable Care Act as one of his biggest accomplishments in office, community advocates say many are still left out, especially because of their immigration status.

One California lawmaker is trying to change that with the Health Care for All bill.

The current Affordable Care Act aims to give health coverage to millions of uninsured Americans.

This new bill is expected to be re-introduced by State Sen. Ricardo Lara in November, and like the previous bill, it is expected to be co-sponsored by Filipino American Assemblyman Rob Bonta.

Senator Lara spoke at a New America Media briefing recently.

Its going to save us money in the long term, she said. Were going to be able to have a healthier community, and when we say health care for all, we mean health care for all. Unfortunately, the federal government doesnt cover our undocumented communities, and we have a lot of families who are mixed households where some have health insurance and some dont, because of immigration status.

Undocumented immigrants say while they wait for immigration reform to pass or for President Obama to issue executive orders to give them deportation relief, staying healthy has been a challenge.

We all go through aches and pains, and a lot rely on over-the-counter medicines, said Alessandro Negrete, an undocumented immigrant. A lot of us go to emergency rooms and if we were a smart state we would realize that preventive care is a lot less costly than emergency care. A lot of those services provided wed save a lot of money.

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CA senator looks to provide health care for states undocumented

Granite State Debate, U.S. Senate: How cancer patients can get access to affordable health care – Video


Granite State Debate, U.S. Senate: How cancer patients can get access to affordable health care
The Republican candidates for U.S. Senate in New Hampshire discuss how cancer patients can get access to affordable health care. Subscribe to WMUR on YouTube...

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