10 Big Names With Painful Declines

3. Alignment Healthcare Inc. (NASDAQ:ALHC)

Alignment Healthcare fell by 11.97 percent on Tuesday to close at $20.96 apiece as investors unloaded positions in listed insurers following the lower-than-expected preliminary payment proposals for the Medicare Advantage program.

According to the Centers for Medicare and Medicaid Services (CMS), net average payment is projected to increase by only 0.09 percent, far lower than the 4 to 6 percent growth as expected by analysts.

Additionally, the CMS proposed tighter risk-adjustment rules, such as excluding diagnoses made only via audio calls and some chat reviews in 2027.

Alignment Healthcare Inc. (NASDAQ:ALHC) dropped alongside its counterparts, namely UnitedHealth Group, CVS Health, Centene Corp., and Oscar Health, among others, having raised fears over how the companies would fare given their exposure to the government-sponsored program.

Meanwhile, investors will be closely watching out for Alignment Healthcare Inc.’s (NASDAQ:ALHC) short-term outlook following updates to the Medicare program. The company, based on its historical earnings reporting dates, would release its financial and operating highlights in the last week of February 2026.