Plunge in Health-Insurance Stocks Recalls ‘Dark Days’ of the Financial Crisis

1 / 2 -- The free-fall in health insurance stocks is reviving memories of the 2008 financial crisis on Wall Street.

Despite slashing their price targets on industry bellwether UnitedHealth as political concerns outweighed an earnings beat, some analysts -- chief among them those at Goldman Sachs -- remain optimistic that the sell-off will stop well before November 2020. Hospitals extended losses too, after joining the sell-off yesterday. Tenet Healthcare Corp. is down 13.4 percent, and the largest publicly-traded hospital, HCA Healthcare Inc., fell 3.6 percent after its biggest slump since the 2016 election on Tuesday.

Nobody deserves dark days more than the CEOs of health insurance companies making $30,000,000 a year for deny patients' care that they need according to physicians

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Health stocks plunge as uncertainty rises on Obamacare, Congress threatens action on drug pricesHealth-care stocks were poised to end the week in the red after lawmakers on Capitol Hill threatened to take legislative action against the nation's largest pharmacy benefit mangers on rising prescription high drug costs.
Fonte: CNBC - 🏆 12. / 72 Consulte Mais informação »