Why did UnitedHealth Group stock rise on 9 October?
Written after the close on
UnitedHealth Group +2.25%
UnitedHealth rose sharply in the latest session, likely helped by anticipation of its upcoming earnings report. Over the last five trading days UnitedHealth rose slightly, lagging a clearly stronger broad market but moving in line with a sharply higher healthcare sector. Partly weighing on sentiment were an announced pullback of some Medicare Advantage plans covering roughly 390,000 members and an ACA fraud crackdown that could leave insurers with a sicker, costlier patient pool; ACA is the Affordable Care Act, the U.S. health insurance marketplace. Watch next week's earnings, especially the medical care ratio — the share of premiums paid out as claims — as a gauge of profitability.
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