BUZZ-Health insurers jump as US finalizes 2.48% Medicare Advantage payment hike
CVS Health Corporation CVS | 0.00 | |
Humana Inc. HUM | 0.00 | |
Molina Healthcare, Inc. MOH | 0.00 | |
Centene Corporation CNC | 0.00 | |
UnitedHealth Group Incorporated UNH | 0.00 |
** Shares of U.S. health insurers rise premarket as the U.S. is set to raise Medicare Advantage payments to insurers by 2.48% next year
** Shares of Medicare-focused insurer Humana HUM.N jump 10.2%, CVS Health CVS.N rise 6.3%, while UnitedHealth Group UNH.N up 6.8%
** Elevance Health ELV.N rises 6%, while Molina Healthcare MOH.N and Centene CNC.N climb more than 4% each
** The final proposal is above the government's January draft proposal for an increase of just 0.09% for 2027, which triggered sharp declines in health insurers' shares