UnitedHealth's High Medical Costs Deflate Insurer Stocks
(Bloomberg) -- Health insurance stocks dropped early Friday after industry leader UnitedHealth Group Inc. reported higher medical expenses than investors anticipated.Most Read from BloombergCiti to Cut 20,000 Roles in Fraser’s Bid to Boost ReturnsGoogle Lays Off Hundreds in Hardware, Assistant, EngineeringBlackRock Buys Infrastructure Firm GIP for $12.5 Billion in Major Alternatives PushUS and UK Strike Yemen’s Houthis After Red Sea Ship AttacksHertz to Sell 20,000 EVs in Shift Back to Gas-Power