10 Stocks Lead Rally Amid Market Bloodbath

6. UnitedHealth Group Incorporated (NYSE:UNH)

UnitedHealth Group saw its share prices surge by 5.41 percent on Tuesday to finish at $28.38 apiece as investors snapped up shares in the company following a promise from the US government that it would bolster Medicare Advantage payments to $25 billion next year.

The figure, a 5.06-percent increase, was more than double the 2.2 percent hike that the government proposed in January. The new figure signaled relief for a sector that was already reeling with steep medical costs.

The Centers for Medicare & Medicaid Services (CMS), which oversees Medicare and Medicaid health insurance programs, said that the rate change primarily takes into account additional data on the increased costs for the insurers, including fourth-quarter payment data.

In other news, the US Senate last week voted to confirm Dr. Mehmet Oz, the celebrity physician nominated by none other than President Donald Trump, to oversee Medicare and Medicaid.