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Saturday, October 24, 2020
Health Care Growth curbs ahead

Growth curbs ahead

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Exxon’s oil slick

Exxon Mobil is slashing its capital spending budget for 2020 by 30% due to weak demand caused by the COVID-19 pandemic and a market...

Folk music’s Mark Twain: 7 Essential tracks from John Prine,

NEW YORK (AP) — Some people, the songs just come out of them. For nearly half a century, they tumbled out of John Prine...

Tarrant County records another COVID-19 death

Tarrant County Public Health (TCPH) on Wednesday, April 8 reported that a resident of Euless has died as the result of the COVID-19 virus....

Tradition stymied: A year unlike any since WWII for Augusta

The Masters is so intertwined with Augusta, they added an extra day to spring break.You see, the first full week of April isn't just...

It was mostly smooth sailing for health insurers last year, but 2020 could get choppy. Insurer earnings growth is expected to get dinged by the return of a fee that supports the Affordable Care Act. And investors may become alternately rattled or encouraged by the U.S. presidential race, as they have in the past. The five publicly traded companies that draw most of their revenue from insurance all grew profits in 2019, and investors responded.

Shares of UnitedHealth Group, Anthem, Humana and Molina reached record prices last year even though the sector trailed the broader market. Moody’s Senior Analyst Dean Ungar expects earnings growth to be slightly lower in 2020 because of the ACA fee and the rising cost of things like specialty drugs. He also noted that gains some insurers have made from coverage sold on the ACA’s insurance exchanges will level off. Then there’s politics. Investors may get nervous if candidates who want to overhaul the U.S. health care system do well — and they may get excited if those ideas fade or the president looks headed for another term.

Latest News

Tarrant County reports 1 COVID death on Friday

Tarrant County Public Health on Friday, Oct. 23 reported one COVID-19 death. The deceased was a man from Fort Worth in his...

FDA approves first COVID-19 drug: antiviral remdesivir

By MARILYNN MARCHIONE AP Chief Medical WriterU.S. regulators on Thursday approved the first drug to treat COVID-19: remdesivir, an antiviral medicine given...

Medical City Healthcare to Host “Crush the Crisis” Drug Take Back Day Oct. 24

Medical City Healthcare hospitals are hosting a drug take back event to raise awareness about the dangers of opioid misuse and proper...

Tarrant County reports 2 COVID deaths

Tarrant County Public Health on Thursday, Oct. 22 reported two COVID-19 deaths. The deceased include a man from Arlington in his 80s...

Texas reports most active COVID-19 cases since summer peak

AUSTIN, Texas (AP) — The second coronavirus wave in Texas continued with more active cases than at any time since the summertime...