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"More seniors are just more comfortable accessing services" they may have delayed during the pandemic, said UnitedHealthcare Medicare & Retirement CEO Tim Noel.
Seniors are scheduling procedures they postponed during the pandemic. That's hurting health insurers' stocks and helping hospital operators.
UNH stock slumped after UnitedHealth said more seniors are getting hip and surgery procedures. That sent Surgery Partners stock soaring.
Shares of several health insurers including CVS Health Corp (NYSE: CVS), Humana Inc (NYSE: HUM) and Elevance Health Inc (NYSE: E
UnitedHealth’s stock fell 7% Wednesday after saying an uptick in surgeries could squeeze revenues.