By Amina Niasse NEW YORK (Reuters) -President Donald Trump’s spending bill is set to raise administrative costs and make managing costs more difficult for insurers like UnitedHealthcare and CVS Health’s Aetna that operate Medicaid health plans, experts say. As a result, those insurers will likely pull back their Medicaid coverage and invest more in existing…
Shares of health insurance provider Elevance Health (NYSE:EVH) fell 9.9% in the afternoon session after peer, Centene pulled its full-year financial guidance, triggering a sector-wide sell-off. Centene cited that market growth was “lower than expected” and the number of people making claims was much higher than forecast. This news has sparked fears among investors that…
Shares of health coverage company Centene (NYSE:CNC) fell 39.4% in the afternoon session after the company unexpectedly withdrew its full-year 2025 financial guidance, citing significantly higher-than-anticipated costs in its insurance marketplace and Medicaid businesses. The healthcare giant shocked investors by announcing that preliminary data showed a much higher rate of members making claims than was…