Health Care
  • $8 Billion Wasted on Medicare Bonus Program

    By Mark Miller, Reuters

    In Washington, impossible math is being applied to Medicare's managed-care insurance plans. The Affordable Care Act (ACA) includes funds to pay special bonuses to Medicare Advantage plans offering...

  • Weak developed markets, pricing woes hurt P&G

    Weak developed markets, pricing woes hurt P&G

    By Jessica Wohl, Reuters

    (Reuters) - Procter & Gamble Co cut its profit outlook for the year on Friday as weakness in developed markets, more attractive pricing by competitors, and the need to slash prices in Venezuela...

  • Aetna profit misses analysts' target, shares fall

    Aetna profit misses analysts' target, shares fall

    By Lewis Krauskopf, Reuters

    (Reuters) - Health insurer Aetna Inc reported a lower-than-expected quarterly profit on Thursday as higher claim costs and administrative expenses weighed on results, and shares fell nearly 9 percent...

  • AstraZeneca CEO quits as drug sales tumble

    AstraZeneca CEO quits as drug sales tumble

    By Ben Hirschler, Reuters

    LONDON (Reuters) - AstraZeneca Chief Executive David Brennan is to step down on June 1 in an abrupt exit after six years in the top job, following rising investor discontent at the company's...

  • Watson to buy Actavis for at least $5.6 billion

    Watson to buy Actavis for at least $5.6 billion

    By Lewis Krauskopf and Bill Berkrot, Reuters

    (Reuters) - Watson Pharmaceuticals Inc said on Wednesday it agreed to buy Actavis Group for at least 4.25 billion euros ($5.60 billion), in a deal that cements its status as one of the world's...