CNBC April 2, 2024
Key Points
– Shares of U.S. health insurers fell after the Biden administration didn’t boost payments for private Medicare plans as much as the insurance industry and investors had hoped.
– The announcement puts more pressure on insurers already grappling with high medical costs and uncertainty around claims processing after the ransomware attack at UnitedHealth Group’s tech unit.
– The Centers for Medicare and Medicaid Services late Monday said that government payments to Medicare Advantage plans are expected to rise 3.7% year over year.
Shares of U.S. health insurers fell Tuesday after the Biden administration didn’t boost payments for private Medicare plans as much as the insurance industry and investors had hoped.
Shares of CVS Health fell more...
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