Health Insurers Tumble as Final Medicare Advantage Rates Disappoint.

Health insurers selling private Medicare Advantage plans will receive the same payment rates as the government's initial proposal in January, disappointing the companies who were hoping for a higher increase. The industry regulator announced that Medicare Advantage plans will receive a 3.7% average payment increase in 2025, the same increase proposed in January. This news caused shares of health insurance companies such as UnitedHealth Group Inc., Humana Inc., CVS Health Corp., and Centene Corp. to fall more than 4% in extended trading. The annual rate update is closely watched by investors and is a contested policy, with insurers advocating for more favorable treatment. [Extracted from the article]

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