WELLCARE HEALTH PLANS, INC. (NYSE:WCG) Files An 8-K Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure
(WellCare) will be presenting the information attached as Exhibit
99.1 at the 35th>Annual
J.P. Morgan Healthcare Conference on January 11, 2017 at 3:00
p.m. Pacific time, as well as in connection with general investor
discussions.
by reference herein.
statements that are made to the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995. Statements that
are predictive in nature, that depend upon or refer to future
events or conditions, or that include words such as expects,
anticipates, intends, plans, believes, estimates, may, predict,
project, potential, should, will and similar expressions are
forward-looking statements. For example, statements regarding
WellCares 2016 and 2017 financial outlook, the start date of new
Medicaid programs, and the timing, closing and financial impact
of pending acquisitions contain forward-looking statements.
Forward-looking statements involve known and unknown risks and
uncertainties that may cause WellCares actual future results to
differ materially from those projected or contemplated in the
forward-looking statements. These risks and uncertainties
include, but are not limited to, WellCares progress on top
priorities such as improving health care quality and access,
ensuring a competitive cost position, and delivering prudent,
profitable growth, WellCares ability to effectively estimate and
manage growth, WellCares ability to effectively execute and
integrate acquisitions, potential reductions in Medicaid and
Medicare revenue, WellCares ability to estimate and manage
medical benefits expense effectively, including through its
vendors, its ability to negotiate actuarially sound rates,
especially in new programs with limited experience, the
appropriation and payment by state governments of Medicaid
premiums receivable, the timing and ability to satisfy closing
conditions for pending acquisitions, including receipt of
regulatory approvals, adjustments to the purchase price of
pending acquisitions and the manner of payment of the purchase
price for pending acquisitions, the outcome of any protests and
litigation related to Medicaid awards, the approval of Medicaid
contracts by CMS, any changes to the programs or contracts,
WellCares ability to address operational challenges related to
new business, WellCares ability to meet the requirements of
readiness reviews, and WellCares ability to comply with the terms
of the Corporate Integrity Agreement. Given the risks and
uncertainties inherent in forward-looking statements, any of
WellCares forward-looking statements could be incorrect and
investors are cautioned not to place undue reliance on any of our
forward-looking statements.
and uncertainties can be found in WellCares filings with the U.S.
Securities and Exchange Commission (the SEC), included under the
captions Forward-Looking Statements and Risk Factors in WellCares
Annual Report on Form 10-K for the year ended December 31, 2015,
and WellCares Quarterly Report on Form 10-Q for the period ended
September 30, 2016, and other filings by WellCare with the SEC,
which contain discussions of WellCare’s business and the various
factors that may affect it. Subsequent events and developments
may cause actual results to differ, perhaps materially, from
WellCare’s forward-looking statements. WellCare undertakes no
duty to update these forward-looking statements to reflect any
future events, developments, or otherwise.
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Exhibit
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Number
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Description
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99.1
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Presentation dated January 11, 2017*
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*
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Furnished and not filed.
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About WELLCARE HEALTH PLANS, INC. (NYSE:WCG)
WellCare Health Plans, Inc. is a managed care company focused on government-sponsored managed care services, primarily through Medicaid, Medicare Advantage (MA) and Medicare Prescription Drug Plans (PDPs) to families, children, seniors and individuals with complex medical needs. The Company’s segments include Medicaid Health Plans, Medicare Health Plans and Medicare PDPs. The Medicaid Health Plans segment includes plans for beneficiaries of Temporary Assistance for Needy Families, Supplemental Security Income, Aged Blind and Disabled and other state-based programs, such as Children’s Health Insurance Program and Managed Long-Term Care programs. The Medicare program provides health care coverage primarily to individuals age 65 or older, as well as to individuals with certain disabilities. It has contracts with Centers for Medicare & Medicaid Services to serve as a plan sponsor offering Medicare Part D PDP plans to Medicare-eligible beneficiaries through its Medicare PDPs segment. WELLCARE HEALTH PLANS, INC. (NYSE:WCG) Recent Trading Information
WELLCARE HEALTH PLANS, INC. (NYSE:WCG) closed its last trading session 00.00 at 141.09 with 368,600 shares trading hands.
