An equal-weighted index of health insurance stocks is on pace for its first annual decline since 2010.
Despite downturns early in the year, UnitedHealth Group, CVS Health and Humana stocks have been on the rise in the first weeks of April, The Wall Street Journal reported.
Stock prices rallied after CMS published final Medicare Advantage rates for 2024, which boosted reimbursement rates higher than originally projected and phased in major changes to risk adjustment.
“All those clouds got lifted within the past few days, but they’ve been pushing the stocks down since late last year,” Emily Evans, health policy analyst at Hedgeye Risk Management, told the Journal.
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