CMS 2027 Medicare advance notice shows flat payment growth and Q4 revenue miss with rising medical care ratio

UnitedHealth Group's stock is down 2.73% today due to the CMS 2027 Medicare advance notice indicating flat payment growth of approximately 0.09%, which raises concerns about Medicare Advantage margins. Additionally, the company reported a Q4 revenue miss of $113.2 billion against Wall Street's expectations of $113.82 billion, alongside an increase in the medical care ratio that pressures profitability. The 2026 revenue forecast also suggests a decline of 2% from the previous year.