Medicare Payments Shock Sends Health Insurance Stocks Diving

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• 00:03

  It's the thick of earnings season.

• 00:05

  We'll bring you the latest updates from GM and other big US companies.

• 00:09

  Plus,

• 00:10

  what's next for health insurers after the Trump administration's position on Medicare payments shocked the industry?

• 00:16

  You'll likely see advertising campaigns.

• 00:18

  You'll likely see a lot of lobbying of members of Congress.

• 00:22

  The final rates tend to come out in early April,

• 00:24

  so we've got a window here when the industry can try to change the direction.

• 00:29

  And for Amazon, fresh and go stores are out, but Whole Foods is in.

• 00:33

  It's Tuesday, January 27th.

• 00:36

  I'm Alex Ocilov for The Wall Street Journal.

• 00:38

  This is the PM edition of What's News,

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  the top headlines and business stories that move the world today.

• 00:48

  Shares of Medicare insurers like UnitedHealth Group and Humana dove today.

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  Why?

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  The Trump administration's proposing that the rates the government pays to reimburse insurers for Medicare plans would stay roughly flat next year,

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  rising by an estimated 0.09% on average.

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  That's well short of the 4 to 6% that Wall Street expected,

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  and affects a business that's central to insurers' finances and hopes for growth.

• 01:12

  Anna Wealdy-Matthews, who covers health insurance for the journal, is here to discuss.

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