Medicare-related stocks rise after poor Biden debate performance

  • 📰 CNBC
  • ⏱ Reading Time:
  • 33 sec. here
  • 13 min. at publisher
  • 📊 Quality Score:
  • News: 54%
  • Publisher: 72%

Elections ข่าว

Stock Markets,CVS Health Corp,Humana Inc

A select handful of health insurance names popped on Friday following the first debate between President Joe Biden and former President Donald Trump.

Democrat candidate, U.S. President Joe Biden, and Republican candidate, former U.S. President Donald Trump, attend a debate ahead of the U.S. presidential election, in Atlanta, Georgia, U.S., June 27, 2024.One group of health insurance stocks appeared to be rallying on the notion President Joe Biden's poor debate performance would bring another term for former President Donald Trump.

RBC analyst Ben Hendrix chalks up the last night's debate dynamics for Friday's rally in Medicare Advantage stocks on the thesis that "a second Trump term would ease regulatory and reimbursement headwinds weighing on the managed care stocks, particularly the Medicare Advantage leaders" likeUnitedHealth and CVS popped more than 2% as of noon Eastern time. Humana gained more than 4%. All three names are down on a year-to-date basis, however.

These shares have faced pressure because of regulatory changes in reimbursement for Medicare Advantage at a time when medical costs among seniors have seen a resurgence.

 

ขอบคุณสำหรับความคิดเห็นของคุณ ความคิดเห็นของคุณจะถูกเผยแพร่หลังจากได้รับการตรวจสอบแล้ว
เราได้สรุปข่าวนี้มาให้อ่านอย่างรวดเร็ว หากสนใจข่าว สามารถอ่านฉบับเต็มได้ที่นี่ อ่านเพิ่มเติม:

 /  🏆 12. in TH

ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว