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home / news releases / ELV - Why did UnitedHealth Group stock go up today? Medicare rate hike

ELV - Why did UnitedHealth Group stock go up today? Medicare rate hike

Elevance Health Inc Com

2023-04-03 18:16:45 ET

  • UnitedHealth Group ( NYSE: UNH ) closed up ~4.6% on Monday, buoyed by CMS' decision on Friday to increase payment rates for Medicare Advantage plans by 3.3% in 2024, up from the 1.1% that was originally proposed.
  • The increase will result in ~$13.8B more in payments for MA plans, according to CMS.
  • Other insurers in the MA market, including Humana ( HUM ), CVS Health ( CVS ), Cigna ( CI ), Elevance ( ELV ), also gained on Monday.

For further details see:

Why did UnitedHealth Group stock go up today? Medicare rate hike
Stock Information
Company Name: Elevance Health Inc Com
Stock Symbol: ELV
Market: NYSE
Website: elevancehealth.com
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