Managed Health Care Catches a Cold
The economy's weak pulse is giving managed health-care stocks a real headache. The problem: Employers are having a hard time paying health insurance premiums, and millions of Americans still have no coverage. Universal American is down 52 percent this year to July 29. UnitedHealth has slid 51 percent; Humana has lost 45 percent. Only one of 19 publicly traded managed health-care companies is up: America Service, which has government contracts to provide care at correctional facilities, has gained 34 percent.