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WASHINGTON (AP) - Shares of managed care company HealthSpring Inc. rose in their first day of trading on the New York Stock Exchange Friday.
The primary focus of Nashville, Tenn.-based HealthSpring is the Medicare Advantage market, a private version of Medicare that offers more benefits than government-administered Medicare.
The Medicare Modernization Act has expanded Medicare-related opportunities for private insurers, and HealthSpring has said it expects a substantial increase in its Medicare membership in 2006 due to new enrollment in its standalone prescription drug plans for Medicare-eligible seniors.
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