UnitedHealth Flags Medicaid Issues, Insurer Stocks Plunge
TL;DR Summary
UnitedHealth Group's CEO Andrew Witty highlighted that low state reimbursements for Medicaid managed-care are squeezing the industry, causing UNH stock to drop 3.8% and dragging down the Dow Jones Industrial Average by 147 points. This issue, coupled with increased medical care utilization, has hurt the profitability of Medicare Advantage plans and impacted other managed-care stocks like Molina Healthcare and Centene.
- UNH Stock: UnitedHealth Costs Dow Jones 147 Points On Medicaid 'Disturbance' Investor's Business Daily
- UnitedHealth sees a ‘disturbance’ in Medicaid as insurers’ stocks plunge MarketWatch
- It's Not Just Medicare. Now Medicaid Is Giving Insurance Companies a Headache. The Wall Street Journal
- Insurers Sink as UnitedHealth Sees 'Disturbance' In Medicaid Bloomberg
- US health insurer shares fall after UnitedHealth flags Medicaid medical use Reuters
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