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Wednesday is here!
Hello, Curse and Coffee friends,
Today, we explore the TV Doc destroying Medicare.
Hit reply and let us know what you think (we read all of your kind words).
Coffee at the ready…
The Big Sip
The take: Dr. Oz praised Medicare Advantage in his confirmation hearing. Yesterday, he cut its funding to nearly zero.
What happened: A proposed 0.09% rate increase for 2027. Insurers had priced in 4-6%.
Why it matters: UnitedHealth crashed 19% (its worst day ever). Then announced its first revenue decline since the Berlin Wall fell.
What to watch: Final rule drops April 6. Oz told Congress insurers "make too much money." Don't expect a bailout.
Humana fell 21%. CVS dropped 14%. The Dow lost 330 points. The S&P 500 hit an all-time high. Same day. Same country. Different casino.
Sponsor Break
Before we slurp into today’s brew…
Here are some wordies from today’s sponsor.
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