By Amina Niasse NEW YORK (Reuters) – Shares of U.S. health insurers fell on Wednesday after UnitedHealth Group cited a near-term disturbance around reimbursement rates for Medicaid due to ongoing program-wide enrollment hurdles that began about a year ago. UnitedHealth shares were down 4.2% to $482.46, while rivals Humana, Centene, and Elevance Health fell 3.2%, […]
UnitedHealth Group (UNH) CEO Andrew Witty said on Wednesday that Medicaid managed-care players are getting squeezed by low state reimbursements, and it may continue for a while. UNH stock tumbled, dragging down the managed care group as well as the Dow Jones Industrial Average. X The Medical-Managed Care industry group had already been among the […]
The Dow wasn’t doing itself any favors on Wednesday. With the Dow down about 330 points, or 0.9%, in recent trading, it was lagging behind both the S&P 500 and the Nasdaq. UnitedHealth Group, which was down 4.4%, contributed 154 points to the index’s decline. The next biggest negative contributor was Goldman Sachs, taking off […]
(Bloomberg) — Democratic US lawmakers led by Massachusetts Senator Elizabeth Warren are asking the Securities and Exchange Commission to investigate the timing of stock sales by UnitedHealth Group Inc.’s chairman and three executives. Most Read from Bloomberg The company officials netted a combined $101.5 million through trades made after the company was reportedly notified of […]
By Manas Mishra and Zeba Siddiqui (Reuters) -UnitedHealth Group said on Monday that hackers stole health and personal data of potentially a “substantial proportion” of Americans from its systems in February, as the largest U.S. health insurer scrambles to contain the damage. The intrusion at its Change Healthcare unit, which processes about 50% of U.S. […]
UnitedHealth (UNH) kicks off the first-quarter earnings season for the managed care group early Tuesday, with a potentially pivotal update on medical utilization trends. But Centene (CNC) and Molina Healthcare (MOH) are already big movers early Monday as investors react to Medicaid contract news. X Late Friday, Florida announced five winners of six-year Medicaid managed […]
By Sriparna Roy (Reuters) – UnitedHealth is expected to record higher medical costs in its first earnings report since a cyberattack disrupted its technology systems including those that manage prescription and medical claims, analysts said. The attack, disclosed on Feb. 21, affected hospitals, clinicians, and pharmacies nationwide. Some providers are still unable to access medical […]
(Bloomberg) — UnitedHealth Group Inc. Chairman Stephen Hemsley and three senior executives netted a combined $101.5 million from stock sales made over four months leading up to when the public became aware of a federal antitrust investigation. Most Read from Bloomberg The sales occurred between Oct. 16, a week after the largest health insurer in […]
Shares of several leading health insurance managed care stocks plunged today after the federally run Centers for Medicare and Medicaid Services (CMS) finalized a lower-than-expected 3.7% payment rate increase for the 2025 calendar year. When all was said and done at close of Tuesday’s trading, shares of Humana (NYSE: HUM) were down 13.4%, CVS Health […]
UnitedHealth (UNH) and Humana (HUM) tumbled late Monday while other health insurers such as CVS Health (CVS) and Cigna (CI) ended mixed after the Biden Administration announced that final Medicare Advantage rates in 2025 won’t change from initial plans in January. X The Centers for Medicare and Medicaid Services announced late Monday that private Medicare […]
(Reuters) – Fitch does not anticipate any credit impact on not-for-profit hospitals in the United States from the cyberattack at UnitedHealth’s tech unit Change Healthcare that caused disruption to pharmacies across the U.S., the ratings agency said on Monday. The agency said it does not see any negative rating implications tied to the hack if […]
By James Pearson and Christopher Bing WASHINGTON (Reuters) -The hackers responsible for the breach at UnitedHealth Group appear to have pulled a disappearing act on Tuesday, leaving their cybercriminal associates in the lurch and replacing their old website with a bogus statement from law enforcement. The U.S. insurer disclosed on Feb. 21 that Blackcat hacking […]