UnitedHealth put up a quarter that was pretty solid.
The real thing that drove the price down was a proposal from the Trump administration to cap Medicare Advantage payment increases at a mere 0.09% for 2027.
For a company like United, which has long relied on a predictable spread between government payments and the cost of providing care. With medical costs rising at a rate roughly twenty times higher than this proposed increase, United is in a bit of a tricky situation.
It is also sad, because the system that the US has built down there, that being for profit, will just cause United to pull coverage on many people because there is no profit in covering them.
Overall, it is wait and see mode. Trump likes to talk. He actually puts very little in place that he talks about. SO I can't say too much until the legislation is either put in place or cast aside.
If it's cast aside, UNH is discounted here. Its operations were very much in the midst of turning around.