Humana shares surge 12% on 2027 Medicare rate boost; UNH, CVS Rally

Investing.com -- Humana (NYSE: HUM) shares rose 12% after hours Monday following the Centers for Medicare and Medicaid Services’ announcement of a 2.48% rate increase for private insurers in 2027.

UnitedHealth Group (NYSE: UNH) gained 11%, CVS Health (NYSE: CVS) climbed 9%, and Elevance Health (NYSE: ELV) jumped 5% in extended trading. Hospital stocks also advanced, with Molina Healthcare (NYSE: MOH) up 7% and Centene (NYSE: CNC) rising 4%.

The final rate represents a meaningful improvement over the initial rates the agency proposed in January.

The US Medicare program’s rate decision affects payments to private insurers that offer Medicare Advantage plans to beneficiaries.

You May Also Be Interested In

• Jefferies raises Medicaid attrition forecast for August 2026
• Canaccord Starts First Tracks Biotherapeutics (TRAX) at Buy
• Sandisk (SNDK) call put ratio 1.7 calls to 1 put into Micron Technology (MU) quarter results and outlook