Wellcare Health Plans (NYSE: WCG) is on The StockGuru Leader Board today. The stock closed up 9.18% on Wednesday.
Volume was 2,372,032 shares traded.
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About the Company:
WellCare Health Plans, Inc. provides managed care services for
government-sponsored healthcare programs in the United States. The company
offers Medicaid plans, including plans for beneficiaries of Temporary Assistance for
Needy Families (TANF) programs; Supplemental Security Income (SSI) programs;
and ABD programs and state-based programs, such as Childrens Health Insurance
Programs (CHIP) and Family Health Plus (FHP) programs for qualifying families who
are not eligible for Medicaid. The TANF program provides assistance to low-income
families with children; and ABD and SSI programs provide assistance to low-income
aged, blind, or disabled individuals. It also provides Medicare Advantage (MA), a
Medicares managed care alternative to original Medicare fee-for-service that
provides individuals standard Medicare benefits through Centers for Medicare &
Medicaid Services; and coordinated care plans that are administered through health
maintenance organizations and require members to seek health care services and
select a primary care physician from a network of health care providers. In addition,
the company offers prescription drug plans (PDP), including the Medicare Part D
program that offers national in-network prescription drug coverage to
Medicare-eligible beneficiaries. As of December 31, 2010, it had approximately
1,340,000 Medicaid members, 116,000 MA members, and 768,000 PDP members. The
company was founded in 1985 and is headquartered in Tampa, Florida.
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