Insurers warn about rising medical costs, disappointing investors as a lucrative market starts to shift
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Some of the largest health insurers have been hit hard by rising medical costs in the first few weeks of this year.
Stocks of giant US insurers plummeted after a CVS executive on January 8 signaled that fourth-quarter medical costs will be higher than expected. Both UnitedHealth Group and Humana, which also have big businesses selling insurance to seniors through Medicare Advantage plans, echoed the theme during their quarterly earnings in January.
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