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OKLAHOMA CITY -- Following an especially stormy March -- which hit WellPoint (WLP Quote) and Humana (HUM Quote) shares like an F-5 tornado -- the managed care sector no longer resembles a "safe haven" at all.
Over the past few weeks, several health insurers have issued warnings about looming profit shortfalls. WellPoint blamed rising medical costs. Humana cited forecasting mistakes. Coventry (CVH Quote) mentioned the flu.
Other players tried to look strong, with Cigna (CI Quote) and Aetna (AET Quote) coming across as somewhat immune. ...
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