Clover Health Says Medicare Advantage Plans Get 4-Star Rating; Shares Rise

MT Newswires Live

2024/10/12

Clover Health Investments (CLOV) shares were up 4.9% in recent Friday trading after the company announced that its preferred provider organizations Medicare Advantage plans were rated 4 stars for 2025 by the Centers for Medicare and Medicaid Services.

The company said this will affect payment year 2026, adding that over 95% of its Medicare Advantage membership is served through its PPO plans.

CMS also increased Clover's health maintenance organization Medicare Advantage plans rating to 3.5 stars, the company added.

Clover Health said its higher overall rating reflects its performance across several measures, including its 4.94 stars out of 5 stars on healthcare effectiveness data and information set.

Price: 4.15, Change: +0.19, Percent Change: +4.94

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