Clover Health gains on recalculated Medicare Star Ratings

seekingalpha06-14

Clover Health (NASDAQ:CLOV) shares traded higher on Friday after the health insurer said that the Centers for Medicare and Medicaid Services (CMS) had revised its 2024 Medicare Advantage Star Ratings,...

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The update comes a day after the CMS informed payers that it would recalculate the MA Star Ratings, applicable for 2025.  The decision came after two court rulings faulted the agency over the methodology in response to lawsuits filed by nonprofit insurer SCAN Health and publicly traded Elevance Health . As per the revised ratings, Clover Health’s  Star Ratings have increased from 3 Stars to 3.5 Stars, potentially leading to additional bonus payments from CMS next year. “This recalculation to 3.5 Stars significantly improves our financial outlook for next year,” said Peter Kuipers, CLOV’s CFO. “We believe the improvement provides us with the opportunity to accelerate our membership growth while maintaining and growing profitability,” he added.","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4547":"WSB热门概念","LU0878866978.SGD":"First Eagle Amundi International AHS-QD SGD-H","LU0957791311.USD":"THREADNEEDLE (LUX) GLOBAL FOCUS \"ZU\" (USD) ACC","LU1815333072.USD":"THREADNEEDLE (LUX) GLOBAL FOCUS \"AUP\" (USD) INC","BK4208":"复合型公用事业","LU0742534661.SGD":"Fidelity America A-SGD (hedged)","ELV":"Elevance Health","LU0211331839.USD":"FRANKLIN MUTUAL GLB DISCOVERY \"A\" (USD) ACC","LU0433182093.SGD":"First Eagle Amundi International AS-C SGD","LU0557290698.USD":"施罗德环球可持续增长基金","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","LU2505996509.AUD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4H\" (AUDHDG) INC","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU2505996681.GBP":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4H\" (GBPHDG) INC","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU0068578508.USD":"First Eagle Amundi International Cl AU-C USD","LU2637428348.USD":"NORDEA 1 GLOBAL SUSTAINABLE LISTED REAL ASSETS \"MP\" (USD) INC","LU1670628061.USD":"M&G (LUX) NORTH AMERICAN DIVIDEND \"A\" (USD) INC","LU0048573561.USD":"FIDELITY AMERICA \"A\" (USD) INC","SG9999001077.SGD":"United International Growth Fund SGD","LU0266013472.USD":"AXA WF - Framlington Longevity Economy A Cap USD","LU0289739699.SGD":"AB INTERNATIONAL HEALTH CARE PORTFOLIO \"A\" (SGD) ACC","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","LU1057294990.SGD":"Blackrock World Healthscience A2 SGD-H","LU1280957306.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQUITIES \"AUP\" (USD) INC","LU2592432038.USD":"WELLINGTON MULTI-ASSET HIGH INCOME \"A\" (USD) ACC","LU0061474960.USD":"天利环球焦点基金AU Acc","BK4585":"ETF&股票定投概念","SG9999004303.SGD":"Nikko AM Shenton Global Opportunities SGD","LU1670627923.USD":"M&G (LUX) NORTH AMERICAN DIVIDEND \"A\" (USD) ACC","LU2430703251.USD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4\" (USD) INC","LU0251142724.SGD":"Fidelity America A-SGD","LU1489326972.SGD":"First Eagle Amundi International AHS-MD SGD-H","LU1023059063.AUD":"BGF WORLD HEALTHSCIENCE \"A2\" (AUDHDG) ACC","LU1506573853.SGD":"MANULIFE GF GLOBAL EQUITY \"AA\" (SGD) INC","LU2430703178.SGD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4H\" (SGDHDG) INC","CMS":"CMS能源","LU2430703095.HKD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4\" (HKD) INC","LU0882574055.USD":"富达全球健康医疗A ACC","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","BK4588":"碎股","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","BK4154":"管理型保健护理","LU0114720955.EUR":"SUSTAINABLE GLOBAL HEALTH CARE \"A\" INC","LU0122379950.USD":"贝莱德世界健康科学A2","LU0058720904.USD":"联博国际健康护理基金A","LU1548497426.USD":"安联环球人工智能AT Acc","SGXZ23171101.USD":"NIKKO AM SHENTON GLOBAL OPPORTUNITIES (USD) ACC","LU0985489474.SGD":"First Eagle Amundi International AHS-C SGD-H","CLOV":"Clover Health Corp"},"translate_title":"Clover Health因重新计算的医疗保险星级而获得收益","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CLOV":1,"CMS":1,"ELV":1},"content_text":"Clover Health (NASDAQ:CLOV) shares traded higher on Friday after the health insurer said that the Centers for Medicare and Medicaid Services (CMS) had revised its 2024 Medicare Advantage Star Ratings, resulting in an increase of 0.5 Stars. The update comes a day after the CMS informed payers that it would recalculate the MA Star Ratings, applicable for 2025.  The decision came after two court rulings faulted the agency over the methodology in response to lawsuits filed by nonprofit insurer SCAN Health and publicly traded Elevance Health (ELV). As per the revised ratings, Clover Health’s (CLOV) Star Ratings have increased from 3 Stars to 3.5 Stars, potentially leading to additional bonus payments from CMS next year. “This recalculation to 3.5 Stars significantly improves our financial outlook for next year,” said Peter Kuipers, CLOV’s CFO. “We believe the improvement provides us with the opportunity to accelerate our membership growth while maintaining and growing profitability,” he added.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.28.1","shortVersion":"4.28.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2443677440"}