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Health Insurance Stocks Rally on Federal Medicare Payment Rate Increase

Health insurance stocks surge as federal government announces higher Medicare payment rates for 2022, providing relief to industry facing rising medical costs. Astiva Health and other players set to benefit from the positive news.

This news matters as it directly impacts the financial performance of health insurance companies in the U.S. The rate hike offers a glimmer of hope for the industry, signaling potential improvements in their profit margins and overall stability. Investors and industry observers should take note of this development as it could have significant implications for the healthcare sector.