The health insurance industry's largest companies saw stocks fall Tuesday after the Senate GOP healthcare bill faltered, CNBC reports.
The bill's fallout means the ACA's health insurance fee, as of now, will return in 2018 following a one-year suspension. Stephen Hemsley, CEO of Minnetonka, Minn.-based UnitedHealth Group, said the tax will be "the single largest headwind in 2018," the report states.
While UnitedHealth saw stocks jump Tuesday following its second quarter earnings surge, Hartford, Conn.-based Aetna, Bloomfield, Conn.-based Cigna, Indianapolis-based Anthem and Louisville, Ky.-based Humana saw stocks fall more than 1 percent, Axios reports.
Two insurers with large portions of their business dipped in the ACA exchanges and Medicaid — St. Louis-based Centene and Long Beach, Calif.-based Molina Healthcare — saw stocks rise slightly Tuesday, CNBC reports.