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Health Care Sector Update For 12/12/2014: Jazz,ccxi,eprs - Nasdaq.com

Health insurance companies report large response - Yahoo News

regulators for its defibrotide drug candidate as a treatment of severe hepatic veno-occlusive disease in patients undergoing a total noob hematopoietic stem-cell transplantation therapy. The U.S. Food and Drug Administration previously gave fast-track designation to defibrotide to treat severe VOD. The company said it expects to complete the new drug application for defibrotide by mid-year, at which time it anticipates requesting a priority review by the FDA. JAZZ in July acquired commercialization rights for the drug in the United States and the rest of North and South America. It also markets defibrotide in Europe as Defitelio. JAZZ shares were down more than 3% at $167.52 apiece this afternoon, trading underwater throughout the session and recently falling to a session low of $166.01 a share. The stock has traded within a 52-week range of $108.58 to $183.84 a share, rising more than 54% over the past 12 months prior to Friday's slide. In other sector news, (+) CCXI, (+54.3%) Announces positive top-line data from Phase II testing of CCX140, with the experimental drug meeting primary endpoint of reducing urinary albumin creatinine ratio in patients with diabetic nephropathy. (-) EPRS, (-5.3%) Files application with securities regulators in British Columbia for the company's stock to cease trading in the Canadian markets. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.
Health Care Sector Update for 12/12/2014: JAZZ,CCXI,EPRS - NASDAQ.com

Health insurance costs up in parts of Illinois - Yahoo News

"If I can find other insurance, I will," she said. The law requires most people to have health insurance, and the fine for not having it is going up next year to $325 per adult or 2 percent of household income, whichever is greater. "Almost every one of my clients got an increase of some sort," said Jamie Simmons, an insurance broker in the southern Illinois city of Carterville. "Several people have said, 'I'm going to drop it and pay the fine.'" The Stonegate analysts ran numbers and repeated scenarios they used last year when they did a similar study for the AP. Stonegate conducts research for insurers and benefits managers. The analysis looked at the average monthly costs for three hypothetical households buying bronze or silver plans, the most popular choices, with costs adjusted to include available tax credits or subsidies. It found that for a single, 30-year-old fast-food cook making $18,000 a year, a bronze plan would cost an average of $66 a month and a silver plan $111 a month in Chicago. In Springfield, the fast-food cook could get a bronze plan for $52 a month or a silver for $106 a month. In Belleville, the cost would be $46 monthly for a bronze or $93 for a silver. A 50-year-old preschool teacher making $30,000 a year could expect to pay $210 monthly for a bronze plan or $281 a month for a silver plan in Chicago.

However, he has said recently he's willing to consider it because it would save the state money and because the affected people need coverage. The Affordable Care Act has come under fire, particularly from Republicans in the U.S. House. Goldstone said he believes that the more people who enroll for coverage, the less likely it is that the law could be repealed. "But there's no doubt that because this is such a political issue, there's going to be a lot of efforts to, if not repeal, at least tinker," Goldstone said. "And quite frankly, we don't have enough experience to know how this will work long-term." Eric Boley, president of the Wyoming Hospital Association, said he believes it's too early to say whether the Affordable Care Act has reduced the amount of uncompensated care hospitals in the state have been stuck with from treating uninsured people. The association has said Wyoming hospitals provided $200 million in uncompensated care in 2011. Boley said he's hopeful the Legislature will advance the Medicaid expansion during the session that begins next month.
Health insurance companies report large response - Yahoo News

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