Shares of health-care companies rose as traders bet the sector would continue to grow, despite ongoing pressure to contain drug prices.
A unit of the largest U.S. health insurer by enrollees, UnitedHealth, struck a collaboration agreement with drug maker Merck to develop reimbursement contracts in which payments for drugs are more closely aligned with the drugs' effects on patients' health.
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Cigna plans to give every employee five shares of stock, an unusual move aimed at bolstering employee commitment after the potentially dispiriting collapse of a merger deal with Anthem.
-Rob Curran, email@example.com
(END) Dow Jones Newswires
May 25, 2017 16:30 ET (20:30 GMT)