More people are using their health benefits, sending insurers CVS Health and Humana stocks tumbling
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Health insurance giants CVS Health and Humana both reported higher medical costs in their Medicare Advantage businesses during earnings Wednesday, sending shares down.
Health insurers have had to deal with rising medical costs in recent months due to inflation and as older Americans line up for surgeries that were delayed during the pandemic, among other reasons. That, in turn, can lead to higher healthcare premiums for customers.
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