BUZZ-Health insurers rise after Trump unveils new healthcare plan
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Shares of health insurers rose following President Trump's announcement of a new healthcare plan aimed at lowering drug prices and insurance premiums. Key companies like UnitedHealth, Centene, CVS, Cigna, Elevance Health, and Molina Healthcare saw increases in their stock prices. The plan, titled "The Great Healthcare Plan," proposes a cost-sharing reduction program that could lower Obamacare premiums by over 10%. Analysts from Leerink Partners noted that the plan's impact may be limited, focusing primarily on subsidies and direct payments to Americans.
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