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

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'In recent days the stocks have behaved more like they did in the dark days of 2008-2010, when we were dealing with relentless EPS guidance cuts, a global stock market meltdown, a severe global economic recession, and a deeply unsettling ACA sausage-making process in D.C.,' Stephens analyst

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.

 

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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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