Health stocks drop after Medicare Advantage rates disappoint

Tiger_Chart
04-03

Health insurer stocks tanked on Tuesday after US regulators failed to increase payments for Medicare Advantage plans in line with Wall Street estimates.

The "surprise" decision impacted major names like Humana ( $Humana(HUM)$ , down 13%) and United Healthcare ( $UnitedHealth(UNH)$ ther companies with exposure to Medicare insurance such as CVS Health ( $CVS Health(CVS)$ , down 8%).⁠

Market Tumbles: Pullback or Start of Reversal?
MAJOR United States indices ended on Tuesday (Mar 5) in a slump, as key tech names lost ground and traders looked ahead to remarks by the central bank chair later in the week. The tech-heavy Nasdaq lost 1.7%, with Apple, Microsoft and Tesla all retreating. ---------------------------- Is this only a small pullback, or the start of a reversal for the whole market? Are you bullish or bearish now?
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