01:16 PM EDT, 05/21/2025 (MT Newswires) -- Health care stocks declined Wednesday afternoon, with the NYSE Health Care Index falling 1% and the Health Care Select Sector SPDR Fund (XLV) dropping 1.3%.

The iShares Biotechnology ETF (IBB) slumped 1.6%.

In corporate news, UnitedHealth ( UNH ) allegedly paid thousands of dollars in bonuses to nursing homes where it installed its own medical teams and pressured them to help cut care expenses for residents, The Guardian reported. UnitedHealth ( UNH ) shares were falling past 4%.