UnitedHealth, Elevance Health stocks drop toward four-day losing streaks in wake of earnings reports

Shares of UnitedHealth Group Inc. UNH sank 4.1% in afternoon trading Wednesday, which puts them on track to suffer the worst four-day performance — down 8.1% — in 15 months, after the health insurer’s first-quarter earnings report raised concerns over the “unintended consequences” of changes to Medicare Advantage rates. Meanwhile, shares of Elevance Health Inc. ELV dropped 5.7%, and have slumped 8.

1% — in 15 months, after the health insurer’s first-quarter earnings report raised concerns over the “unintended consequences” of changes to Medicare Advantage rates. Meanwhile, shares of Elevance Health Inc. ELV dropped 5.7%, and have slumped 8.

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