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Medicare Payment Proposal Triggers Stock Drop for Insurers

1/26/2026

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Summary

Story summary

On January 26, 2026, the Centers for Medicare & Medicaid Services proposed an average 0.09% increase in Medicare payments to insurers for 2027.
The proposal would yield more than $700 million in additional payments for Medicare Advantage in 2027.
Shares of UnitedHealth, CVS Health, and Humana fell over 10% after the news.
CMS Administrator Mehmet Oz said the changes aim to improve payment accuracy and protect taxpayers from unnecessary spending.

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Story summary

On January 26, 2026, the Centers for Medicare & Medicaid Services proposed an average 0.09% increase in Medicare payments to insurers for 2027.
The proposal would yield more than $700 million in additional payments for Medicare Advantage in 2027.
Shares of UnitedHealth, CVS Health, and Humana fell over 10% after the news.
CMS Administrator Mehmet Oz said the changes aim to improve payment accuracy and protect taxpayers from unnecessary spending.