UnitedHealth Group (UNH) is leading other US insurers' stocks lower after the company's CEO, Andrew Witty, flagged a "disturbance" related to Medicaid reimbursement rates. After the expiration of a COVID-19 policy that mandated that states maintain enrollment for those covered by government Medicaid programs, states have begun to disenroll people from Medicaid. Josh Lipton and Julie Hyman discuss how disenrollment has become a larger problem than insurers anticipated. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This article was written by Gabriel Roy
(Bloomberg) -- Health insurance stocks dove after UnitedHealth Group Inc. said it sees a “disturbance” coming as states pare enrollees in their Medicaid health programs following the end of the pandemic emergency.Most Read from BloombergWorld’s Largest Nuclear Plant Sits Idle While Energy Needs SoarWarning Signals Are Flashing for Homeowners in Texas and Florida‘Not Gonna Be Pretty:’ Covid-Era Homebuyers Face Huge Rate JumpNew BYD Hybrid Can Drive Non-Stop for More Than 2,000 KilometersInsurers
Dow Jones component UnitedHealth tumbled after CEO Andrew Witty warned of a period of low Medicaid reimbursements.