WellCare Health Plans (WCG) Tops Q3 EPS by 4c

Go back to WellCare Health Plans (WCG) Tops Q3 EPS by 4c

WellCare Health Plans (WCG) to Take Reserve Charge on Iowa Contract; Leerink Partners Would Buy on Weakness

November 4, 2015 11:41 AM EST

Leerink Partners reiterated an Outperform rating on WellCare Health Plans (NYSE: WCG) after the company decided that it will take a Premium Deficiency Reserve charge in anticipation of losses in the first 18 months of the Iowa contract. This is prudent given several new State Managed... More