Shares of UnitedHealth Group (UNH) fell more than 12% in premarket trading after the company reported its 2025 results. The company posted consolidated revenue of $447.6 billion for 2025, up 12% year over year. However, the stock came under pressure after the Centers for Medicare & Medicaid Services (CMS) proposed a Medicare Advantage payment increase of just 0.09% for 2027, far below market expectations. Adding to the caution, UnitedHealth expects FY 2026 revenue of $439 billion, well below the $456 billion analyst consensus.
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