Managed-Care Stocks Slide as Investors Eye Legislative Risk
From Bloomberg, In Print — Mar 26th, 2019
Health insurers are trading at session lows as House Speaker Nancy Pelosi plans to unveil “sweeping” legislation aimed at shoring up the Obamacare exchanges and tackling high drug costs. The announcement follows the Trump administration Justice Department’s recent argument that the Affordable Care Act should be overturned before the 2020 election.
Spencer Perlman, health care policy analyst at Veda Partners, called the DOJ’s reversal “a stunning and politically tone-deaf move.” He added that the most likely outcome is for the law to remain intact, with only a 5% chance it is struck down.
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