OppHub America Desk · · Source: yahoo-tickers-tape-movers
CVS Still Sees 'High-Trend' Cost Growth; Oscar, UNH Stock Fall
Based on reporting from yahoo-tickers-tape-movers.
CVS Health noted a continuation of "high-trend" medical cost growth at a Wells Fargo investor conference on Wednesday, helping to put a spring in the step of hospital stocks including HCA Healthcare, while souring the mood of managed care investors. Shares of CVS stock came away relatively unscathed, while UnitedHealth
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UnitedHealth Group·$UNH$UNHUnitedHealth Group
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CVS Health noted a continuation of "high-trend" medical cost growth at a Wells Fargo investor conference on Wednesday, helping to put a spring in the step of hospital stocks including HCA Healthcare, while souring the mood of managed care investors. Shares of CVS stock came away relatively unscathed, while UnitedHealth slipped and Oscar Health stumbled. CVS management's comments about medical cost trends were brief and vague, while Wells Fargo conference presentations by HCA and Universal Health Services didn't appear to provide updates to Q3 trends since Q2 earnings calls. CVS Still Sees 'High-Trend' Cost Growth; Oscar, $UNH+WL Stock Fall
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Based on reporting from yahoo-tickers-tape-movers.
Informational and educational only — not investment, financial, or legal advice. Disclosure
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