The reason, according to a note from investment banking company Raymond James cited by The Street, is that Sen. Bernie Sanders’ win in New Hampshire makes President Donald Trump’s reelection chances better.
Raymond James said the independent senator from Vermont’s far-left policies, like Medicare for All, will be easier for President Trump to beat than more moderate approaches. A win by President Trump is generally seen as better for stocks, according to Raymond James.
After Mr. Sanders’ win in New Hampshire, shares of UnitedHealth, Cigna, Anthem and Centene were up more than 3 percent. Humana’s stocks were up more than 4 percent.
More articles on payers:
CMS releases proposed Medicare Advantage rule: 5 things to know
Dignity, Cigna fight leaves 16,600 patients in limbo
Horizon BCBS of New Jersey CEO steps back
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
