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Health-insurance stocks drop after Medicare Advantage proposes lower rates for 2024

By Market Watch  
   February 02, 2023

A proposal for lower-than-expected Medicare Advantage rates in 2024 has sent shares of publicly traded health insurers falling. UnitedHealth Group Inc.’s UNH, -5.22% stock fell 1.2% in trading on Thursday, shares of Elevance Health Inc. ELV, -3.74% were down 3.3% and Molina Healthcare Inc.’s MOH, -2.44% stock tumbled 1.6%.

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