Shares of several health insurers are trading lower following comments from UnitedHealth Group CEO highlighting an increase in elevated volumes of non-urgent surgeries, which has raised fears of increased costs for insurers.
Portfolio Pulse from Benzinga Newsdesk
Health insurers' stocks are trading lower due to UnitedHealth Group CEO's comments on increased non-urgent surgeries, raising concerns about higher costs for insurers.
June 14, 2023 | 12:21 pm
News sentiment analysis
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NEGATIVE IMPACT
Cigna's stock price is negatively impacted by UnitedHealth Group CEO's comments on increased non-urgent surgeries.
As UnitedHealth Group's CEO comments on increased non-urgent surgeries raise concerns about higher costs for insurers, this has a negative impact on the stock prices of other health insurers, including Cigna.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Centene's stock price is negatively affected by UnitedHealth Group CEO's comments on increased non-urgent surgeries.
UnitedHealth Group CEO's comments on increased non-urgent surgeries raise concerns about higher costs for insurers, negatively impacting the stock prices of other health insurers, including Centene.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
CVS Health's stock price is negatively impacted by UnitedHealth Group CEO's comments on increased non-urgent surgeries.
As UnitedHealth Group's CEO comments on increased non-urgent surgeries raise concerns about higher costs for insurers, this has a negative impact on the stock prices of other health insurers, including CVS Health.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Humana's stock price is negatively affected by UnitedHealth Group CEO's comments on increased non-urgent surgeries.
UnitedHealth Group CEO's comments on increased non-urgent surgeries raise concerns about higher costs for insurers, negatively impacting the stock prices of other health insurers, including Humana.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
UnitedHealth Group's CEO comments on increased non-urgent surgeries lead to lower stock prices for health insurers.
UnitedHealth Group's CEO highlighted an increase in non-urgent surgeries, which has raised concerns about higher costs for insurers. This has led to a negative impact on the stock prices of health insurers, including UnitedHealth Group.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100