Health insurers turn red after judge dismisses Humana Medicare lawsuit

Shares of some health insurers fall after a Texas federal judge dismissed Humana's HUM.N lawsuit against Department of Health and Human Services

Lawsuit challenged how Centers for Medicare and Medicaid Services administered Medicare Advantage and Part D Star Ratings program

Shares of Medicare-focused insurer Humana fall 2.8% to $217.34, CVS Health CVS.N down 1.4%, UnitedHealth Group UNH.N slip 1%

Shares of Elevance Health ELV.N drop 5%, Molina Healthcare MOH.N fall 4.6%, Centene CNC.N dips 2% and Cigna CI.N edges lower 0.3%

Judge ruled that Humana failed to complete required administrative appeal process before filing case

Court dismissed case "without prejudice," allowing Humana to refile case after finishing appeals process

Including session's moves, HUM down 14.3%, UNH down 43.8%, CVS up 38.6%, ELV down 22.6%, MOH down 33.3%, CNC down 53%, CI up 7.4% YTD