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Health insurer Cigna says second-quarter medical costs stay low; profit beats

Health insurers have benefited from low medical services use during the past five years as the weak economy has kept down doctor visits and hospitalizations and membership growth has helped increase revenues. The national healthcare reform law, also known as Obamacare, has contributed to the increase as millions of people gained health insurance coverage in the past two years. Aetna Inc agreed to buy smaller rival Humana Inc in early

Abbott strikes deals with heart valve replacement companies

(Reuters) – Abbott Laboratories on Thursday said it would buy a small private company and has invested in another, with an option to buy, as it places bets on the future growth potential of minimally invasive systems to replace diseased heart valves. Abbott said it has agreed to acquire the equity in Minnesota-based Tendyne Holdings Inc that it does not already own for $250 million plus future payments tied to