CMS Energy Surges to 375th in Trading Volume with 2.68 Billion Turnover

On June 3, 2025, CMS Energy (CMS) saw a significant increase in trading volume, with a turnover of 2.68 billion, marking a 37.21% rise from the previous day. This surge placed CMS Energy at the 375th position in terms of trading volume for the day. The stock price of CMS Energy also experienced a notable increase, rising by 1.00%.

On March 27, 2025, the Secretary of Health and Human Services, Robert Kennedy Jr., announced a major reorganization and staff reduction at the Centers for Medicare and Medicaid Services (CMS). This reorganization aims to reduce the workforce by nearly 25%, from 82,000 to 62,000 full-time employees. While CMS will experience fewer staff reductions compared to other major divisions within HHS, the combination of hiring freezes and future separations will continue to erode its workforce. This reduction comes at a time when CMS is overseeing a budget almost twice as large as it was in 2015, serving millions more people, and dealing with significant new responsibilities.

Despite the staff reductions, CMS continues to administer critical functions that support the nation's entire health system. These functions include guaranteeing the safety of hospitals and nursing homes, setting coding and data standards for healthcare transactions, and establishing national reimbursement standards. The agency has also played a crucial role in responding to public health and economic disasters, such as the COVID-19 pandemic and recent cyber-attacks on the health sector. During such crises, CMS has rapidly expanded coverage for those who lost employer-sponsored coverage, facilitated the healthcare system's pivot to new models of care, and injected billions of dollars of temporary liquidity into the health system.

CMS's future organizational design will be shaped by several key decisions. These include whether to rely more on private contractors or in-source critical functions, whether to continue operating as a holding company of separate business lines or build stronger enterprise capabilities, and whether to prioritize the efficiency of its program requirements or activities that improve the entire US health insurance and health system. These decisions will be crucial in determining CMS's ability to meet both current and future demands of its programs and responsibilities.