Health insurance stocks lose steam as Trump says he’ll lobby insurers for lower prices
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Health insurance stocks, including Humana, UnitedHealthcare, Cigna, CVS Health, and Elevance Health, declined after President Trump announced plans to meet with insurers to discuss lowering prices. Trump suggested that insurers, who have profited significantly, might reduce prices by 50-70% following discussions. This announcement affected the stock performance of these companies.
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