Health insurers tumble as final Medicare Advantage rates disappoint

The decision by the administration of President Joe Biden to hold firm on proposed Medicare Advantage rates for 2025 shows a break with recent practice, taking Wall Street by surprise. UnitedHealth Group Inc., the largest US health insurer, dropped as much as 7.2%, while CVS Health Corp. declined as much as 7.1%. Centene Corp. fell as much as 5.5%, while Elevance…