UNH May 2024 425.000 put
| Previous close | 0.8100 |
| Open | 1.2700 |
| Bid | 0.0000 |
| Ask | 0.3000 |
| Strike | 425.00 |
| Expiry date | 2024-05-24 |
| Day's range | 0.8100 - 1.2700 |
| Contract range | N/A |
| Volume | |
| Open interest | 21 |
ReutersUS health insurer shares fall after UnitedHealth flags Medicaid enrollment issues
Shares of U.S. health insurers fell on Wednesday after UnitedHealth Group cited a near-term disturbance around reimbursement rates for Medicaid due to ongoing program-wide enrollment hurdles that began about a year ago. UnitedHealth shares were down 4.2% to $482.46, while rivals Humana, Centene, and Elevance Health fell 3.2%, 3.7%, and 2.6%, respectively. "We have come through this very prolonged redetermination cycle in Medicaid making sure that the utilization and rates stay in perfect synchrony," a UnitedHealth executive said at the Bernstein investor conference, adding that they expect "some disturbance" around it.
Investor's Business DailyUnitedHealth Costs Dow Jones 147 Points On Medicaid 'Disturbance'
Dow Jones component UnitedHealth tumbled after CEO Andrew Witty warned of a period of low Medicaid reimbursements.
Barrons.comUnitedHealth Is a Big Drag on the Dow
With the Dow down about 330 points, or 0.9%, in recent trading, it was lagging behind both the S&P 500 and the Nasdaq. UnitedHealth Group, which was down 4.4%, contributed 154 points to the index’s decline. The next biggest negative contributor was Goldman Sachs, taking off only 27 points from the Dow.
