Why Shares of UnitedHealth Group, CVS Health, and Humana Fell Today

The federal agency that administers the Medicare program just approved a 3.7% payment rate increase. Here's why that's bad for insurance stocks.Shares of several leading health insurance managed care stocks plunged today after the federally run Centers for Medicare and Medicaid Services (CMS) finalized a lower-than-expected 3.7% payment rate increase for the 2025 calendar year. When all was said and done at close of Tuesday's trading, shares of Humana (HUM -13.41%) were down 13.4%, CVS Health (CVS -7.21%) h ...