eHealth, Inc. Announces Stock Repurchase Program up to $30M

eHealth, Inc. EHTH today announced that its Board of Directors has approved a stock repurchase program authorizing the Company to purchase up to $30 million of its common stock. Stuart Huizinga, chief financial officer of eHealth, commented, "eHealth continues to generate solid cash flow and maintain a debt free balance sheet with over $130 million in cash and cash equivalents as of March 31, 2011. We have confidence in our company's future and believe that returning capital to our shareholders at this time is a prudent use of our cash, especially given eHealth's current share price."