Health Insurance Stocks Drop: Insights Into the Late Monday Fall

Major health insurers witnessed significant declines late Monday as U.S. regulators held on to the rates for private Medicare plans, which surprised many investors. Humana Inc. (HUM) stock plunged 9.6% in the after-hours trading, while CVS Health Corporation (CVS) fell 5.9%. Another industry player, UnitedHealth Group Incorporated (UNH) , declined 4.5% in the after-hours trading, whereas Elevance Health, Inc. (ELV) stock decreased 4%.Let’s delve deeper to understand the overall industry scenario.In January, ...