UnitedHealth stock plunges, leads insurers lower after Trump Medicare spending plan surprise

The health insurance sector saw a deep sell-off Tuesday morning, led by a plunge in UnitedHealth Group (UNH) shares, as the Trump administration proposed a lower-than-expected increase to 2027 Medicare Advantage plans. In a report published Monday night by the Centers for Medicare & Medicaid Services (CMS), the administration proposed that payment rates for Medicare Advantage plans (private insurance plans) will rise by just 0.09% in 2027. Analysts were expecting an increase of as much as 6%. UnitedHealt ...