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Jan 17, 2014

GE profit margins fall short, shares slide

By Lewis Krauskopf and Ernest Scheyder

(Reuters) – General Electric Co (GE.N: Quote, Profile, Research, Stock Buzz) posted in-line overall quarterly earnings on Friday but disappointed investors by failing to meet its full-year profit margin goal due to delayed wind turbine deliveries and poor energy management results.

Shares in the U.S. conglomerate fell 2.5 percent in morning trading to $26.52, against a broadly flat market. The stock rallied more than 30 percent in 2013, outperforming the market.

Jan 12, 2014

Obamacare may get sick if young Americans don’t sign up

NEW YORK (Reuters) – Now that more than 2 million people have signed up for private insurance plans created by President Barack Obama’s healthcare law, a crucial next check-up for the new marketplace will be to see how old customers are.

Early data from a handful of state exchanges shows the administration needs more young adults to sign up in the next three months to help offset costs from older enrollees and prevent insurers from raising their rates.

Jan 4, 2014

Early days of Obamacare bring trickle, not flood, of patients

NEW YORK (Reuters) – U.S. medical providers are seeing only a trickle of patients newly insured under President Barack Obama’s healthcare law, as insurers, hospitals and doctors try to work out any hitches in coverage.

More than 2 million people have signed up for new private health plans that took effect on Wednesday under the Affordable Care Act, popularly known as Obamacare. While some of those consumers were already lining up doctor visits last month, early reports from providers and an online medical booking service show the demand for care has been modest so far.

Jan 1, 2014

Doctors, hospitals expect some confusion as Obamacare plans start

Jan 1 (Reuters) – Hospitals and medical practices across the
United States are bracing for confusion and administrative
hassles as new insurance plans under President Barack Obama’s
healthcare law take effect on Wednesday.

More than 2 million people enrolled in private plans offered
under the Affordable Care Act, popularly known as Obamacare,
during the initial sign-up period for health benefits starting
Jan. 1. Enrollment began in October and lasts through March, but
Americans in most states had to enroll by last week to get
coverage that takes effect with the start of the new year.

Dec 20, 2013

Obamacare sign-up deadline expected to bring demand surge, confusion

NEW YORK (Reuters) – Americans have only a few more days to sign up for insurance plans created under President Barack Obama’s healthcare law to ensure coverage starts on January 1, a deadline that could triple demand and strain enrollment systems.

The expected rush could also encounter a new complication, as a handful of states have extended their sign-up deadline past the December 23 date set by the federal government, adding an extra element of confusion for consumers.

Dec 18, 2013

GE sees double-digit industrial profit growth next year

NEW YORK, Dec 18 (Reuters) – General Electric Co
expects profit from aviation, healthcare and other industrial
units to rise at least 10 percent next year, the conglomerate
said on Wednesday, adding it plans aggressive investments in
manufacturing while shrinking its finance arm.

GE has been seeking to reduce its dependence on earnings
from the volatile financial sector and return to its industrial
manufacturing roots with 3-D printers and products such as
sensors for oil pumps and jet engines that collect a plethora of
key data for operators.

Dec 18, 2013

Insurers wary of new Obamacare fix for January health plans

By Caroline Humer and Lewis Krauskopf

(Reuters) – Insurance companies are struggling with a new request by the Obama administration to make sure people receive medical benefits under healthcare reform come January 1, even if they miss a sign-up deadline set for next Monday.

The government has sought to reassure consumers, already frustrated by technical problems that stalled access to its enrollment website in October and November, that those who need coverage starting on New Year’s Day will be able to sign up.

Dec 13, 2013

United Technologies gives muted view for 2014

By Lewis Krauskopf

(Reuters) – United Technologies Corp (UTX.N: Quote, Profile, Research, Stock Buzz), the world’s largest maker of elevators and air conditioners, on Thursday projected earnings to rise 7 percent to 11 percent next year, barely meeting analysts’ targets, and gave a revenue view that fell short of Wall Street expectations.

The diversified U.S. manufacturer, which also makes Pratt & Whitney jet engines and Black Hawk helicopters, is being weighed down by its defense business, while sales are expected to be strong next year for its Otis elevators branch.

Dec 12, 2013

For some Obamacare shoppers, a brief grace period on premiums

NEW YORK, Dec 12 (Reuters) – As a deadline approaches for
people to sign up for medical insurance under President Barack
Obama’s healthcare law, some insurers and state-run online
marketplaces are giving shoppers an extra week to pay their
first premiums.

The shift to early January from the end of December provides
a short grace period for insurers and shoppers to work through
any errors in the new policies caused by technology problems
dogging enrollment since it opened on Oct. 1.

Dec 3, 2013

Retooled Obamacare website traffic surges but problems remain

By David Morgan and Lewis Krauskopf

(Reuters) – A surge of visitors clogged the U.S. government’s revamped healthcare insurance shopping website on Monday, signaling that President Barack Obama’s administration has a way to go in fixing the portal that showcases his signature domestic policy.

Facing its first big test since officials proclaimed over the weekend that they had met their deadline to make run smoothly for the “vast majority” of users, the site performed markedly better than it did during its disastrous launch two months ago – but was still short of the crisply running insurance marketplace Obama once touted.

    • About Lewis

      "I help coordinate coverage of healthcare companies for Reuters in the United States. I also cover health insurers, pharmacy benefit managers, generic drugmakers and pharmaceutical companies."
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