Explore the latest developments concerning Trump administration finalizes.
Trump administration finalizes better-than-feared Medicare Advantage payment rate in boost to health insurers
The Trump administration on Monday finalized a 2027 payment rate increase to privately run Medicare plans that was far bigger than initially proposed, a boost to health insurer stocks.
The government will increase average Medicare Advantage payments by 2.48%, or more than $13 billion, in 2027, according to a release from the Centers for Medicare & Medicaid Services. The Trump administration in January proposed a payment rate hike of 0.09%, which pummeled shares of insurers that run those plans.
Shares of UnitedHealth and CVS Health rose more than 9% in after-hours trading on Monday. Meanwhile, Humana's stock jumped around 12%.
"Medicare Advantage and Part D should work for the people who rely on them," said CMS Administrator Dr. Mehmet Oz in a release. "These updates keep coverage affordable and ensure patients get real value from their plans."Â
OMT 24Pcs Universal Disc Brake Caliper Tool Piston Pad Wind Back Hand Kit W/ Hooks Compressor Tool Kit Heavy Duty Wind Back Set
The dynamic landscape of current events often brings forth significant discussions. Monitoring these developments provides crucial insights.
For more detailed information, explore updates concerning Trump administration finalizes.
Leave a Reply