Your email has been successfully added to our mailing list.

×
0.000669344042837981 0.00307898259705494 -0.00267737617135211 0.000803212851405653 0.000133868808567672 0.0147121820615797 0.0174029451137884 0.0173052208835341
Stock impact report

CVS Health, UnitedHealth Group stocks tumble on lower Medicare rate proposal [Yahoo! Finance]

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: Yahoo! Finance
CVS Health (NYSE:CVS) and UnitedHealth Group (NYSE:UNH) both fell approximately 8% while Humana (NYSE:HUM) dropped 10% following a Wall Street Journal report that the Centers for Medicare and Medicaid Services (CMS) plans to increase payments to Medicare Advantage insurers by just 0.09% on average next year. The proposed rate increase, worth approximately $700 million to the industry, falls dramatically short of analyst expectations that had projected increases in the 4% to 6% range. For comparison, insurers received a 5.06% increase for the current year. The Medicare agency is also proposing to eliminate what the WSJ described as a "lucrative industry billing practice" that has drawn scrutiny from government watchdogs. According to a Medicare official cited in the report, the proposal aims to improve payment accuracy and ensure appropriate reimbursement while focusing on simplicity, competition, and accuracy in the billing system. Medicare Advantage plans, which are privately Show less Read more
Impact Snapshot
Event Time:
CVS
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
Last price at news event
Since Event
Multi-day stock performance from the time of the news release
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST
PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
Last Price
VWAP
High:
Max Up
High:
Low:
Max Down
Low:
%
Post news range
%
Price change

Price Change Percentage


S&P 500
(SPX)

%

Volume ratio
%

Volume
Ticks

Avg transaction size

Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Opt-in for CVS alerts
Opt-in for
CVS alerts

from News Quantified
Opt-in for
CVS alerts

from News Quantified