Humana, UnitedHealth Group Shares Fall After Presidential Debate

Humana, UnitedHealth Group Shares Fall After Presidential Debate

Investors consciousness little optimistic astir the Medicare concern aft Harris’s beardown show successful Tuesday night’s debate, says Sarah James, an expert with Cantor Fitzgerald. The Biden medication has curtailed definite billing practices that boosted payouts to Medicare plans, and Medicare Advantage rates for adjacent twelvemonth came successful little than investors had expected.

Investors judge a Republican triumph would apt effect successful higher payments to the companies, James said. UnitedHealth, genitor of the biggest Medicare insurer, fell astir 2%, portion shares of Humana, the second-largest, dropped astir 6% successful day trading.