BUZZ-Health insurers rise after US House advances effort to reinstate healthcare subsidies
Shares of health insurers rose by 1% to 2% after the U.S. House advanced legislation to reinstate expired healthcare subsidies. Elevance Health increased by 2.4%, Centene by 1.4%, Cigna by 1.5%, UnitedHealth by 1.3%, and Molina Healthcare by 1.8%. The legislation aims to lower costs for 24 million Americans under the Affordable Care Act, which is set to expire at the end of 2025. Without congressional action, millions may face higher premiums after COVID-era subsidies expired on December 31. Over the past year, stock performance varied, with significant declines for some insurers.