00:00It's Benzinga, bringing Wall Street to Main Street.
00:03Health insurer stocks fell in after-hours trading on Monday after a report said the
00:08Trump administration plans to propose roughly flat Medicare Advantage rates for 2027.
00:14The proposal would increase payments to plans by about 0.09% next year, according to the
00:20Wall Street Journal, citing officials from the Centers for Medicare and Medicaid Services
00:24and the White House. The Medicare agency also plans to push for the elimination of
00:29billing practices that have been highly profitable for insurers, with officials saying the goal
00:34is payment accuracy and proper reimbursements. Analysts had been forecasting a 4% to 6% rate
00:41increase. The report said a 0.09% increase would total about $700 million, compared with a 5.06%
00:50increase this year. UnitedHealth Group, Humana, and CVS HealthShares dropped sharply in extended
00:57trading. For all things money, visit Benzinga.com.
Comments