UnitedHealth Group Inc (NYSE:UNH) shares are trading lower Tuesday as healthcare provider stocks fall on the heels of finalized payment updates from the Centers for Medicare & Medicaid Services (CMS).
What Happened: Late Monday, the CMS finalized the calendar year 2025 Rate Announcement for the Medicare Advantage (MA) and Medicare Part D Prescription Drug (Part D) programs.
CMS payments to MA plans are expected to increase by 3.7% on average in 2025. The federal government is projected to pay between $500 and $600 billion in MA payments to private health plans in 2025.
The CMS also said it is finalizing improvements to the structure of the Medicare Part D drug benefit for ...