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Stock impact report

Health insurers tumble after Trump administration proposes keeping Medicare Advantage rates flat next year [CNBC]

CVS Health Corporation (CVS) 
Last cvs health corporation earnings: 2/12 06:45 am Check Earnings Report
US:NYSE Investor Relations: investors.cvshealth.com
Company Research Source: CNBC
In extended trading, Humana, CVS Health and UnitedHealth Group saw their shares slide by more than 10%. The proposal entails a 0.09% net average payment increase for Medicare Advantage plans in 2027, which is significantly less than Wall Street analysts' expectations. In this article A Humana office in Louisville, Kentucky, July 31, 2023. Jon Cherry | Bloomberg | Getty Images Shares of several big-name health care companies plunged after the Trump administration proposed nearly flat rates for Medicare Advantage insurers. Medicare Advantage plan provider Humana dropped nearly 14% in after-hours trading, while CVS Health and UnitedHealth Group each lost more than 10%. Elevance Health lost 5%. Humana Inc Last | 5:23 PM EST The proposal entails a net average payment increase of 0.09% for Medicare Advantage plans in 2027, according to a release from the Centers for Medicare and Medicaid Services on Monday. That number is significantly less than Wall Street analysts' expe Show less Read more
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