Stock Track | Clover Health Soars on High Medicare Quality Rating and Benchmark Rate Increase

Stock Track

Oct 11, 2024

Clover Health Corp (CLOV) shares surged in pre-market trading on October 11, 2024, following positive developments related to its Medicare Advantage plans and benchmark rates.

The company's Medicare Advantage PPO plans earned a coveted 4-star rating for the 2025 plan year, outperforming larger rivals like Humana. This high rating is expected to boost Clover Health's ability to attract and retain Medicare Advantage enrollees, a key driver of growth for the company.

Furthermore, Clover Health announced that due to its PPO contract receiving a 4.0-star rating, it expects a general 5% increase in benchmark rates for the 2026 payment year. This increase in benchmark rates is expected to translate into higher revenues for the company, providing a direct financial benefit from its strong quality rating.

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This high rating is expected to boost Clover Health's ability to attract and retain Medicare Advantage enrollees, a key driver of growth for the company.</p>\n\n<p>Furthermore, Clover Health announced that due to its PPO contract receiving a 4.0-star rating, it expects a general 5% increase in benchmark rates for the 2026 payment year. This increase in benchmark rates is expected to translate into higher revenues for the company, providing a direct financial benefit from its strong quality rating.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CLOV","symbol_name":"Clover Health Corp","start_time":0,"source_url":"","article_id":"1128281158","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1128281158","pubTimestamp":1728639019,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Clover Health Corp  shares surged in pre-market trading on October 11, 2024, following positive developments related to its Medicare Advantage plans and benchmark rates.The company's Medicare Advantage PPO plans earned a coveted 4-star rating for the 2025 plan year, outperforming larger rivals like Humana. 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