BUZZ-US health insurers up after poll finds most respondents favoring tax credit extension
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Shares of U.S. health insurers rose following a KFF poll indicating that 78% of respondents support extending premium tax credits under the Affordable Care Act. Notable gains included UnitedHealth (up 2.2%), Humana (up 6.8%), Elevance (up 4.4%), Centene (up 3.4%), and Cigna (up ~6%). Morningstar analyst Julie Utterback suggested the poll results may boost investor confidence regarding potential federal subsidy extensions, which could alleviate future financial pressures on the sector. Year-to-date, stock performance has varied significantly among these companies.
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