How 8 of the nation's biggest payers would benefit under Republicans' tax reform

Large managed care companies and commercial payers could be big winners under Republican senators' proposed corporate tax cuts, according to Cowen analysts.

The analysts predict lowering the corporate tax rate to 20 percent, as proposed by Senate Republicans, could improve for-profit insurers' competition with major nonprofit payers, like Kaiser and Blues plans.

Here is how earnings per share could rise for eight major U.S. health insurers, according to Cowen.

1. Molina Healthcare — 62.1 percent

2. Humana — 34.4 percent

3. WellCare Health Plans — 32.5 percent

4. Centene Corp. — 31.6 percent

5. Aetna — 30.4 percent

6. Anthem — 25.2 percent

7. UnitedHealth Group — 24.3 percent

8. Cigna — 21.6 percent

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