Why CVS Health, Humana And Elevance Shares Are Moving Lower
Portfolio Pulse from Adam Eckert
Shares of CVS Health Corp, Humana Inc, and Elevance Health Inc are trading lower after UnitedHealth Group Inc highlighted an increase in elevated volumes of non-urgent surgeries, raising concerns of higher costs for insurers. UnitedHealth expects its medical loss ratio for full-year 2023 to be in the upper end of its prior outlook.
June 14, 2023 | 1:35 pm
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NEGATIVE IMPACT
CVS Health Corp shares are trading lower due to concerns of higher costs for insurers following UnitedHealth's report of increased non-urgent surgeries.
UnitedHealth's report of increased non-urgent surgeries has raised concerns of higher costs for insurers, which directly impacts CVS Health Corp as a top-tier health insurer. This negative news is likely to cause a short-term decline in CVS's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Elevance Health Inc shares are trading lower due to concerns of higher costs for insurers following UnitedHealth's report of increased non-urgent surgeries.
UnitedHealth's report of increased non-urgent surgeries has raised concerns of higher costs for insurers, which directly impacts Elevance Health Inc. This negative news is likely to cause a short-term decline in ELV's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Humana Inc shares are trading lower due to concerns of higher costs for insurers following UnitedHealth's report of increased non-urgent surgeries.
UnitedHealth's report of increased non-urgent surgeries has raised concerns of higher costs for insurers, which directly impacts Humana Inc as one of the largest health insurers in the U.S. This negative news is likely to cause a short-term decline in HUM's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100