Healthcare Stocks Tumble 20% After Medicare Rate Announcement

Healthcare Stocks Plummet

Healthcare stocks, including UnitedHealth (UNH), Humana (HUM), and Centene (CNC), declined by over 20% on Tuesday after the Trump administration announced Medicare rates will remain flat for the upcoming year. Analysts, including David Toung, labeled the decision a “surprise” for insurers anticipating rate increases in their earnings.