U.S. stocks were lower, with the Dow Jones index falling over 250 points on Tuesday.
Shares of UnitedHealth Group Inc (NYSE:UNH) rose sharply during Tuesday’s session after a surprise Medicare Advantage reimbursement boost.
The Trump administration on Monday raised the amount it will pay private insurers to run Medicare health plans for seniors, setting rates well above a proposal that had unsettled markets earlier this year.
The Centers for Medicare & Medicaid Services set the payment increase at a net average of 2.48%, adding more than $13 billion in payments to Medicare Advantage plans in 2027. That was far above the 0.09% increase the agency had floated in January, which had pushed insurer stocks lower.
UnitedHealth Group shares jumped 8.5% to $305.16 on Tuesday.
Here are some other big stocks recording gains in today’s session.
This post was originally published here
