Insurance Stocks Plunge as US Regulators Hold Firm on Medicare Payments
New York, NY – Health insurance stocks experienced a significant drop in late trading on Monday following the unexpected decision by US regulators to keep payments for private Medicare plans steady for 2025. This move by President Joe Biden’s administration marks a departure from recent practices, catching Wall Street off guard. According to research from JPMorgan Securities analysts, final rates have typically improved from regulators’ initial proposals over the past decade, making this decision a …