Health stocks drop after Medicare Advantage rates disappoint
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%).
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