In April, after Sen. Bernie Sanders, I-Vt., introduced a proposal for Medicare for All that effectively eliminated private insurance, UnitedHealth saw its shares fall 10.9 percent. During the same time, the broader S&P 500 grew almost 1 percent.
While Medicare for All will likely crop up again as the 2020 presidential election nears, UnitedHealth has since rebounded from the decline, up 36 percent since Oct. 1. The insurer will end the year up 19 percent. Boosting the stock are the insurer’s expanding Medicare Advantage business, which is already the largest in the sector, and its approved acquisition of DaVita.
Read the full article here.
More articles on payers:
Aetna, Cigna and BCBS hit with fines over improper denials in California
HCSC to lay off dozens of employees after exec exits
Anthem is a top stock for 2020: Here’s why
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.