Shares of UnitedHealth Group Inc. and Humana Inc. climbed Monday, after a J.P. Morgan analyst said the insurers should be able to grow their Medicare Advantage enrollment despite looming reimbursement cuts.

THE BIG PICTURE: UnitedHealth and Humana are the two largest providers of Medicare Advantage plans, which are privately run, subsidized versions of the federal government’s Medicare program for the elderly and disabled people.

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