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8 Stocks Moving On Trump's Latest Obamacare Comments

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8 Stocks Moving On Trump's Latest Obamacare Comments

Health care stocks were as reactive as ever to Tuesday updates on insurance legislation.

From the Senate Health, Education, Labor and Pensions Committee, a bipartisan team announced an agreement to stabilize the Affordable Care Act marketplaces.

The deal reached by Republican Sen. Lamar Alexander and Democratic Sen. Patty Murray would extend federal cost-sharing reduction payments for two years, allow states to change rules through a waiver, restore $106 million in outreach funds, and leave rules regarding essential benefits and pre-existing conditions intact.

The senators will work to recruit party support before proposing legislation this week.

"This is a small step, I'd like to undersell it, not oversell it," committee chairman Alexander said.

However, health insurance stocks popped on the news but quickly stabilized. At time of publication,

  • Aetna Inc (NYSE: AET) traded up 2.7 percent.
  • Anthem Inc (NYSE: ANTM) up 2.5 percent.
  • UnitedHealth Group Inc (NYSE: UNH) up 6.1 percent.
  • HCA Healthcare Inc (NYSE: HCA) up 2.1 percent.
  • Tenet Healthcare Corp (NYSE: THC) up 3.7 percent.
  • Community Health Systems (NYSE: CYH) up 5.9 percent.
  • CIGNA Corporation (NYSE: CI) up 1.7 percent.
  • Humana Inc (NYSE: HUM) up 1.8 percent.

President Donald Trump warned that any negotiations were “short-term” solutions and maintained his familiar position on Obamacare.

 

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