> ## Content Index > Fetch the complete content index at: https://newsletters.qs.com/llms.txt > Use this file to discover other available public pages before exploring further. # ๐ŸฉบHealth Insurance Index Rises 21%. $485M+ VC Funding. - URL: https://newsletters.qs.com/health-insurance-index-rises-21-485m-vc-funding/ - Published: 2024-06-19T11:55:18.000Z - Updated: 2024-06-21T12:42:44.000Z - Description: Impact Capital Markets #118 looks at our Health Insurance Stock Index, major impact deals, M&A, and upcoming economic releases. - Author: QS - Tags: Deals [**Mingalabar**](https://en.wikipedia.org/wiki/Burmese%5Flanguage?ref=newsletters.qs.com) ๐Ÿž๏ธ **Today's Global Economic Update:** The [UK's inflation rate fell](https://www.ons.gov.uk/economy/inflationandpriceindices/bulletins/consumerpriceinflation/may2024?ref=newsletters.qs.com) to the Bank of England's (BoE) target level of 2% in May for the first time in 3 years. Despite this, the BoE is not expected to cut interest rates at Thursday's monetary policy meeting with the cut likely to come in August or September instead. ๐Ÿšš **Deal of the Day:** Waabi,a Canadian autonomous truck startup,raised a [$200M Series B](https://www.finsmes.com/2024/06/waabi-raises-200m-usd-in-series-b-funding.html?ref=newsletters.qs.com) to develop and launch autonomous trucks powered by generative AI. **What's New?** ๐Ÿฉบ **Health Insurance.** Health insurance index rises 21% **๐Ÿ’ฐ Funding.** Autonomous trucks, biotech, mental health services + more ๐Ÿ’ผ **M&A.** Shell acquires pavilion energy ๐Ÿ“… **Economics.** BoE Interest Rate, balance of trade, inflation, + more ## ๐ŸฉบHealth Insurance Index Rises 21% ![](https://storage.ghost.io/c/f1/d4/f1d411df-6f49-4c75-a302-f8c9e9f59495/content/images/2024/06/HolonIQ_HolonIQ_Health_Insurance_Stock_Index_HIQHINSR_HCHX6IFO26QQGGEPA92M.png) HolonIQ's Health Insurance Index has risen 21% over the past twelve months, driven primarily by strong performances from US-based constituents. Elevance Health ($124B MCap) increased by 20% and UnitedHealth Group ($442B MCap) by 2%. The US dominates the health insurance market, generating about two-thirds of global premium income, with healthcare spending rising by 7.5% in 2023, outpacing GDP growth due to higher expenditures on Medicaid and private health insurance. The insured population in the US also reached a record high of 93%. However, high medical costs, uncertainties around claims processing due to cyberattacks, and the government's decision not to increase payments for private Medicare plans in Q2 2024 have presented challenges. In comparison, Chinese health insurance stocks underperformed, with China Life Insurance ($104B MCap) and Ping An Insurance Group ($96B MCap) declining by 18% and 13%, respectively. Rising premiums and the economic downturn have led millions to drop out of Chinaโ€™s state-sponsored insurance scheme, making these costs unaffordable for many. Despite these challenges, private insurers continue to innovate and customize policies to meet market demands. Growing awareness of preventative healthcare and an aging population with increasing healthcare needs are expected to drive sustained demand in the global health insurance market. ## **๐Ÿ’ฐ** Funding ๐Ÿšš **Waabi,** a Canadian autonomous truck startup,raised a [$200M Series B](https://www.finsmes.com/2024/06/waabi-raises-200m-usd-in-series-b-funding.html?ref=newsletters.qs.com) from Uber and Khosla Ventures to develop and launch autonomous trucks powered by generative AI. ๐Ÿ’Š **Marea Therapeutics**, a California-based biotech company, raised a [$190M Series B](https://www.biospace.com/article/releases/marea-therapeutics-launches-with-190-million-to-accelerate-a-new-generation-of-medicines-for-cardiometabolic-diseases/?ref=newsletters.qs.com) to develop treatments targeting cholesterol. ๐ŸŒผ **Marigold Health**, a Boston-based company focused on peer recovery, raised a [$11M Series A](https://www.finsmes.com/2024/06/marigold-health-raises-11m-in-series-a-funding.html?ref=newsletters.qs.com) from Rock Health Capital and Innospark Ventures to expand operations. ๐Ÿงฌ **Leman Biotech**, a Swiss tumor immunotherapy developer, raised a [$6.9M Seed](https://equalocean.com/news/2024061821033?ref=newsletters.qs.com) to advance drugs and accelerate solid tumor clinical trials. ## **๐Ÿ’ผ** M&A ## โ›ฝ **Shell**, a UK-based oil & gas company signed a definitive agreement to [acquire](https://www.shell.com/news-and-insights/newsroom/news-and-media-releases/2024/shell-signs-agreement-to-acquire-pavilion-energy.html?ref=newsletters.qs.com) Pavilion Energy, a Singaporean integrated energy services provider. ## **๐Ÿ“…** Economic Calendar BoE Interest Rate, UK Retail Sales, Balance of Trade, Inflation, + More ### Thursday, June 20th 2024 ๐Ÿ‡ฌ๐Ÿ‡ง [UK BoE Interest Rate Decision](https://www.bankofengland.co.uk/?ref=newsletters.qs.com) ๐Ÿ‡บ๐Ÿ‡ธ [US Building Permits (Preliminary), May](https://www.census.gov/?ref=newsletters.qs.com) ๐Ÿ‡ฏ๐Ÿ‡ต [Japan Inflation Data, May](https://www.stat.go.jp/?ref=newsletters.qs.com) ### Friday, June 21st 2024 ๐Ÿ‡ฌ๐Ÿ‡ง [UK Retail Sales Data, May](https://www.ons.gov.uk/?ref=newsletters.qs.com) ๐Ÿ‡ฉ๐Ÿ‡ช [Germany HCOB Manufacturing PMI (Flash), June](https://www.pmi.spglobal.com/public?ref=newsletters.qs.com) ### Monday, June 24th 2024 ๐Ÿ‡ฉ๐Ÿ‡ช [Germany Ifo Business Climate, June](https://www.ifo.de/?ref=newsletters.qs.com) ### Tuesday, June 25th 2024 ๐Ÿ‡ฆ๐Ÿ‡บ [Australia Westpac Consumer Confidence Change, June](https://www.westpac.com.au/?ref=newsletters.qs.com) ๐Ÿ‡จ๐Ÿ‡ฆ [Canada Inflation Rate, May](https://www.statcan.gc.ca/?ref=newsletters.qs.com) ### Wednesday, June 26th 2024 ๐Ÿ‡ฉ๐Ÿ‡ช [Germany GfK Consumer Confidence, July ](https://www.gfk.com/de/home?ref=newsletters.qs.com) ### Thursday, June 27th 2024 ๐Ÿ‡บ๐Ÿ‡ธ [US Durable Goods Orders, May](https://www.census.gov/?ref=newsletters.qs.com) ๐Ÿ‡บ๐Ÿ‡ธ [US GDP Growth Rate, Q1](https://www.bea.gov/?ref=newsletters.qs.com) ### Friday, June 21st 2024 ๐Ÿ‡ซ๐Ÿ‡ท [France Inflation Rate (Preliminary), June](https://www.insee.fr/fr/accueil?ref=newsletters.qs.com) ๐Ÿ‡ฎ๐Ÿ‡น [Italy Inflation Rate (Preliminary), June](https://www.istat.it/?ref=newsletters.qs.com) ๐Ÿ‡บ๐Ÿ‡ธ [US Core PCE Price Index, May](https://www.bea.gov/?ref=newsletters.qs.com) ๐Ÿ‡บ๐Ÿ‡ธ [US Personal Income & Spending, May](https://www.bea.gov/?ref=newsletters.qs.com) --- **Like getting this newsletter?* For unlimited access to more deals and economic updates,* [*request a demo*](https://webforms.pipedrive.com/f/1uMbIPRqUeVuZ31jVtKWMWIuqU2ga1nKo8aotNdGihU16zgOzuTfRMb9XfIIGmcOT?ref=newsletters.qs.com)*.* --- **Thank you for reading. 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