Pete Buttigieg Slams Trump's 'Bad Deal' On Health Insurance, Cites CBO Estimate Of 10% Premium Hikes: 'Losing On The Economy' - CVS Health (NYSE:CVS)
CVS HealthCVS Health(US:CVS) Benzinga·2025-11-11 06:37

Core Insights - The article discusses former Transportation Secretary Pete Buttigieg's criticism of President Trump's attacks on air traffic controllers, framing them as a distraction from rising health insurance costs and the administration's failures in managing everyday life expenses [1][3]. Group 1: Health Insurance Costs - Buttigieg highlights the economic pressure on Americans due to rising health insurance costs, labeling any deal that does not address these issues as a "bad deal" [2]. - Proposed changes to the Affordable Care Act (ACA) are projected to increase health insurance premiums by up to 10% by 2026, according to the Congressional Budget Office [2]. - The ongoing ACA open enrollment period is critical, with experts warning that it is "too late" to implement proposed subsidy changes without causing significant disruption and confusion among consumers [4]. Group 2: Market Performance of Health Insurers - The article provides a performance overview of several health insurance companies, indicating significant year-to-date and one-year performance declines for some, such as UnitedHealth Group Inc. (-36.26% YTD, -48.57% one year) and Centene Corp. (-43.40% YTD, -43.62% one year) [5]. - In contrast, CVS Health Corp. shows strong performance with a 75.35% increase YTD and 38.94% over one year [5]. - The mixed futures of major indices like S&P 500, Nasdaq 100, and Dow Jones suggest a volatile market environment amid these developments [5].