Spiking Medical Costs Hammer Shares of UnitedHealth, Humana, CVS

UnitedHealth (UNH) – Get Free Report shares on Wednesday moved firmly lower, dragging rival health insurers into the red, after a company official suggested that medical costs could surge over the coming months.

Speaking on Tuesday as part of a panel discussion at a Goldman Sachs conference in Dana Point, Calif., Tim Noel, who runs UnitedHealth’s Medicare and retirement business, said the company was seeing a notable increase in older Americans opting to undergo elective procedures they had delayed during the covid pandemic/ READ MORE

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