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Insurance Stocks Soar On Healthcare Vote, Health Insurance


Aetna shot up 4.7% to $34. In its third quarter earning report, Aetna said it expected in 2010 that ongoing uncertainty about the U.S. economy with regard to employment and growth would continue to impact provider and member behavior as well as customer preferences, Despite this uncertainty, it said it continued to have a great deal of confidence in its long-term future, given its well-positioned diverse portfolio of businesses, its customer-focused strategy and its underlying financial strength. Wellcare jumped by 4% to $38.40. In its third-quarter earnings report, Wellcare stated that its membership as of Sep.30, 2009, decreased to 2.3 million compared with 2.5 million members as of Sep.30, 2008. It said that while its investments in infrastructure and strengthening service to its members , providers and government clients, its financial outlook for 2010 remains challenging-it faces declining membership in its Medicare segment and continued substantial investments to improve its capabilities and cost structure. Cigna jumped 3.9% to $ 37.20. In its third-quarter earnings report, Cigna said that it anticipated full-year 2009 shareholders’ income from continuing operations, excluding realized investment results. The company said it anticipated 2010 shareholders income from continuing operations, excluding realized investment results, the results of the GMIB business and special items, to be comparable to or slightly higher than 2009.