Shares of several medicare insurers including UnitedHealth Group Inc (NYSE: UNH), Humana Inc (NYSE: HUM) and CVS Health Corp (NYSE: CVS) are trading lower in Monday’s after-hours session after the Centers for Medicare & Medicaid Services (CMS) finalized payment updates.
What Happened: The CMS announced Monday that it finalized the calendar year 2025 Rate Announcement for the Medicare Advantage (MA) and Medicare Part D Prescription Drug (Part D) programs that updates payment policies for these programs and ensures payment accuracy.
Under the new Rate Announcement, payments from the government to MA plans are expected to increase by 3.7% on average from 2024 to 2025. The federal ...