UnitedHealth, Humana, CVS Shares Are Sliding Monday: What's Going On?
Portfolio Pulse from Adam Eckert
Shares of UnitedHealth Group Inc (UNH), Humana Inc (HUM), and CVS Health Corp (CVS) fell in after-hours trading following the CMS's announcement of finalized payment updates for Medicare Advantage and Part D programs for 2025. The updates include a 3.7% average increase in payments to MA plans and improvements to Part D drug benefits, capping annual out-of-pocket costs at $2,000.
April 01, 2024 | 9:00 pm
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NEGATIVE IMPACT
CVS Health Corp shares dropped 5.63% in after-hours trading following the CMS's announcement on Medicare payment updates for 2025.
CVS Health Corp's share price decline is likely due to the CMS's Medicare payment and policy updates, particularly the Part D improvements. As CVS operates in the pharmacy and health insurance sectors, changes in Medicare policies have a significant impact on its business model.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90
NEGATIVE IMPACT
Humana shares saw a significant decline of 8.66% in after-hours trading due to the CMS's finalized payment updates for 2025.
Humana's significant share price decline can be attributed to the CMS announcement, indicating investor concerns or disappointment with the finalized payment updates. As a key player in Medicare Advantage, any changes in payment policies directly impact Humana's financial outlook.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90
NEGATIVE IMPACT
UnitedHealth shares dropped 5.04% in after-hours trading following CMS's 2025 Medicare payment updates announcement.
The drop in UnitedHealth's share price is directly related to the CMS's announcement, as the company is a major provider of Medicare Advantage plans. The market may have anticipated more favorable terms or is reacting to the broader implications of the payment and policy updates.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90