Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Managed health care provider Amerigroup
So what: Medicare announced an 11% reduction in rates for its skilled nursing facilities, effective next fiscal year. The Centers for Medicare & Medicaid Services also said there was an unexpected increase in nursing home payments this fiscal year.
Now what: A hoped-for 1.5% funding increase for skilled nursing facilities is now off the table. Stocks of Humana
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