Some US health insurers fall as Centene pulls 2025 earnings forecast

Elevance Health's ELV.N and UnitedHealth Group's UNH.N shares fall premarket after peer Centene CNC.N withdraws its annual forecast

ELV falls 3.7% to $381, UNH shares down 1.1% at $322.48

CNC too tumbles 26.6% to $41.56, notes significant drop in expected revenue from marketplace health insurance plans

UNH suspended its annual forecast in May on surging medical costs; J.P.Morgan says marketplace plans are "likely culprit" for company repricing its 2026 offerings

Brokerage says ELV has a relatively large exposure compared to some peers, but also has a history of "prudently managing" members and costs under marketplace plans

Based on the magnitude of impact from marketplace plans to Centene and increasing insurer costs for Medicaid plans it is "difficult to imagine a situation where peers are completely insulated from these pressures," - Baird

YTD, CNC down 6.5%, UNH down 35.5%, ELV up 7.3%, as of last close