Humana, UnitedHealth fall after CMS expands Medicare Advantage audit
Shares of health insurers are moving lower after the Centers for Medicare and Medicaid Services announced a “significant expansion” of its auditing efforts for Medicare Advantage plans. Beginning immediately, CMS will audit all eligible Medicare Advantage contracts for each payment year in all newly initiated audits and invest additional resources to expedite the completion of audits for payment years 2018 through 2024, the agency said. Shas of Humana (HUM) are down 5% to $233.10 in after-hours trading while UnitedHealth (UNH) is down 4% to $291.60 and CVS Health (CVS) is down 4% to $59.50. Elevance Health (ELV) (ELV( is down 1% to $395.85.
Confident Investing Starts Here:
-
Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
-
Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. >;elm:context_link;itc:0;sec:content-canvas" href="https://thefly.com/?utm_source=finance.yahoo.com&utm_medium=referral" rel="nofollow noopener" target="_blank">Try Now>>
Read More on HUM:
Latest News
- Solar stocks plunge on Senate proposal to phase out tax credits by 2028
- Sedano’s Supermarkets selects Relex’s pricing and promotions solution
- Indexes end lower as Israel-Iran fighting raises investor anxiety
- I'm 61 and have been laid off before I'm ready to retire - what can I do?
- US Flexes Golden Share in Nippon Merger With US Steel
- Crown Holdings announces leadership changes