BUZZ-Health insurers fall after Trump takes aim at Obamacare subsidies

Reuters
Nov 10
BUZZ-Health insurers fall after Trump takes aim at Obamacare subsidies

** Shares of health insurers and hospital operators fall between 1% and 8% premarket

** UnitedHealth UNH.N slips 1.5% to $319.38, Centene CNC.N slumps 8.2% to $34.50, Molina Healthcare MOH.N down 3% at $147.50, Elevance Health ELV.N declines 1.8% to $312.09

** HCA Healthcare HCA.N down 3.1% at $462 premarket

** Trump on Sunday urged Republican senators to take federal money used to subsidize health insurance bought on Affordable Care Act marketplaces or Obamacare, and instead send payments to directly to individuals buying coverage

** Subsidies, introduced during pandemic, have been central to the 40-day shutdown

** Up to last close, UNH down 35.9%, CNC down 38%, MOH down 47.8%, ELV down 13.9% while HCA up 58.8% YTD

(Reporting by Sneha S K)

((Sneha.SK@thomsonreuters.com;))

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