UnitedHealth's stock is plunging on higher medical costs. That may mean trouble for more insurers

Annika Kim Constantino - CNBC - 17/04

The warning sign from a healthcare giant seen as the insurance industry's bellwether may mean trouble for companies with Medicare Advantage plans.

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The logo of UnitedHealth appears on the side of one of its office buildings in Santa Ana, California, on April 13, 2020.

Mike Blake | Reuters

UnitedHealth Group's stock sank 20% on Thursday after the company slashed its annual profit forecast, citing higher-than-expected medical costs in its privately run Medicare plans.

Those bleak results from a healthcare giant seen as the insurance industry's bellwether could be a warning sign for other companies with so-called Medicare Advantage plans, according to some Wall Street analysts. It comes after a turbulent 2024 for health insurers, hurt by lower government payments, soaring med...
[Short citation of 8% of the original article]

Category: Health & Science

Tags: Cigna Corp - CVS Health Corp - Alignment Healthcare Inc - Elevance Health Inc - Humana Inc - Social issues - UnitedHealth Group Inc - Business - Biotechnology - Biotech and Pharmaceuticals - Pharmaceuticals - Health care industry - Breaking News: Business - business news -

Source and Copyright images and texts: Annika Kim Constantino - CNBC
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