Wellcare Group

NYSE:WCG   4:00PM EDT
269.00
+1.69 (+0.63%)
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Market Cap (Intraday)13.53B
Current PE25.98
Forward PE 19.22
2yr Forward PE 16.34
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Estimates Current Quarter
Revenue$6.74 Billion
Adjusted EPS$3.82
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10-Day MA$269.19
50-Day MA$277.56
200-Day MA$266.98
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WELLCARE HEALTH PLANS, INC. Stock, NYSE:WCG

8735 HENDERSON ROAD, RENAISSANCE ONE, TAMPA, FL 33634
United States of America
Phone: 8132906200
Number of Employees: 7400

Description

WellCare Health Plans, Inc. provides managed care services for government-sponsored health care programs. It operates through three segments: Medicaid Health Plans, Medicare Health Plans, and Medicare PDPs. The Medicaid Health Plans segment offers plans for beneficiaries of temporary assistance for needy families, supplemental security income, and aged blind and disabled residents; and other state-based programs, such as children's health insurance programs for qualifying families who are not eligible for Medicaid, as well as managed long-term care programs for people with chronic illnesses or who have disabilities and need health and long-term care services. The Medicare Health Plans segment provides Medicare, a federal program that provides eligible persons aged 65 and over, as well as some disabled persons with a range of hospital, medical, and prescription drug benefits; Medicare Advantage, a Medicare's managed care alternative to the original Medicare program, which offers individuals standard Medicare benefits directly 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. The Medicare PDPs segment provides Medicare part D PDP plans to Medicare-eligible beneficiaries. Its PDP plans offer national in-network prescription drug coverage with 69,000 pharmacies, including a preferred pharmacy network. As of December 31, 2015, the company served approximately 3.8 million members in 50 states and the District of Columbia. WellCare Health Plans, Inc. was founded in 1985 and is headquartered in Tampa, Florida.