Softness in Affordable Care Act sign-ups sinks insurers and managed health firms
Nov. 19, 2015 3:01 PM ETUnitedHealth Group Incorporated (UNH)AET, UNH, CI, ELV, WCG, CNC, HUM, HNT-OLDBy: Douglas W. House, SA News Editor36 Comments
- Medical insurers and managed care providers are taking it on the chin today. UnitedHealth Group (UNH -5.5%) brought the rain with its softer earnings guidance as a result of weaker demand for individual insurance purchased through exchanges. It seems that the premium hikes, which the Affordable Care Act was supposed to curtail, are having their predictable effect.
- Previously: UnitedHealth Group down 6% on lowered guidance (Nov. 19)
- Related tickers: (AET -7.3%)(CI -5.7%)(HUM -4.2%)(CNC -9%)(ANTM -6.8%)(WCG -4.6%)(MGLN -4.4%)(HNT -5.2%)