Lates News

The Trump administration proposed that the rates of federal health insurance will remain roughly unchanged next year, a adjustment much lower than Wall Street's expectations. According to the Centers for Medicare and Medicaid Services (CMS) and White House officials, the average expected increase in payments to plans by 2027 under this proposal is 0.09%. CMS plans to announce this news on Monday, which may put pressure on insurance giants such as UnitedHealth (UNH.N), Humana, and CVS Health who have a significant amount of business in the federal health insurance sector. After the announcement, healthcare stocks in the US dropped after hours, with CVS falling over 8%, Humana dropping over 8%, and UnitedHealth falling over 7%.