Humana Stock Soars Following Medicare Advantage Payment Increase

The U.S. government has significantly increased payments to private Medicare Advantage plans, exceeding initial proposals by over $25 billion. This move was driven by advocacy from insurance companies and resulted in a 5.06% average payment increase for insurers. This favorable change is expected to benefit major health insurers like UnitedHealth Group Inc., CVS Health Corp., and Humana Inc., whose shares have witnessed notable gains.