UnitedHealth's stock is plunging on higher medical costs. That may mean trouble for more insurers
Publishing timestamp: 2025-04-17 14:34:59
Summary
UnitedHealth Group's stock sank after slashing profit forecast due to higher medical costs in Medicare plans, potentially signaling trouble for other companies with similar plans. Insurers have been struggling with rising costs and lower government payments, with UnitedHealth facing scrutiny over billing practices. Despite challenges, insurers may see a boost next year with increased reimbursement rates for Medicare Advantage plans.
Sentiment: NEGATIVE
Tickers: ELV, CI, HUM, UNH, ALHC, CVS,
Keywords: health care industry, business news, unitedhealth group inc, biotech and pharmaceuticals, business, elevance health inc, biotechnology, cvs health corp, pharmaceuticals, breaking news: business, cigna group, humana inc, alignment healthcare inc,
Source: https://www.cnbc.com/2025/04/17/unitedhealths-guidance-cut-may-mean-trouble-for-more-insurers.html