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Actionable news in WCG: WELLCARE HEALTH PLANS Inc,

WellCare beats profit estimates, raises earnings forecast

(Reuters) - U.S. health insurer WellCare Health Plans Inc (WCG.N) on Friday reported a better-than-expected quarterly profit and raised its annual earnings forecast, boosted by higher enrolments in its Medicare and Medicaid businesses.

The upbeat results mirror those of WellCare's larger peers UnitedHealth Group Inc (UNH.N), Aetna Inc (AET.N), Humana Inc (HUM.N) and Centene Corp (CNC.N), all of which reported better-than-expected profits and raised earnings forecasts.

But the results come amid uncertainty in the U.S. healthcare industry with Republican lawmakers seeking to repeal and replace the Affordable Care Act (ACA), former President Barack Obama's signature healthcare law.

Republican President Donald Trump has threatened to cut off about $8 billion in...