Humana shares jumped 12% in after‑hours trading after CMS announced a 2.48% Medicare rate increase for private insurers in 2027.
UnitedHealth Group rose 11%, CVS Health 9%, Elevance Health 5%, while Molina Healthcare and Centene gained 7% and 4% respectively.
The final 2027 rate exceeds the agency’s initial January proposal, improving payments to Medicare Advantage plan providers.
Hospital stocks also advanced, reflecting broader sector optimism.