HMO stocks slump on CBO health care reform score

Oct 9 2009
Reuters reports that HMO stocks are slipping lower today, in the aftermath of the Congressional Budget Office's analysis of the Senate Finance Committee health care reform bill.

"Shares of WellPoint Inc fell more than 7 percent, while UnitedHealth Group Inc, Aetna Inc and Humana dropped more than 4.5 percent, bucking a positive overall market. ... The share moves continued the declines since mid-September for health insurance stocks, which have proved extremely sensitive to reform developments in Washington. 'We continue to think managed care stocks will remain in flux until the 'devils in the detail' are resolved in final legislation,' Goldman Sachs analyst Matthew Borsch said in a research note" (Krauskopf, 10/8).

Kaiser Health NewsThis article was reprinted from khn.org with permission from the Henry J. Kaiser Family Foundation. Kaiser Health News, an editorially independent news service, is a program of the Kaiser Family Foundation, a nonpartisan health care policy research organization unaffiliated with Kaiser Permanente.

Posted in: Healthcare News

Tags: , , ,

Comments (0)

Suggested Reading

Stroke remains a leading cause of death globally, with increased risk linked to lifestyle factors
FDA strengthens AI regulation to ensure patient safety and innovation in healthcare
A reduction in BMI among adults is associated with lower health care spending, study suggests
Digital avatars may ease distress from troubling voices in psychosis
A promising visual sign for concussion diagnosis in athletes
Psilocybin therapy reduces depression in clinicians after pandemic frontline work
Predicting mood episodes with sleep data: A breakthrough for mental health care
Can music therapy be the breakthrough dementia care desperately needs?

Comments

The opinions expressed here are the views of the writer and do not necessarily reflect the views and opinions of News Medical.
Post a new comment
(Logout)
Post

Newsletters you may be interested in

See all Newsletters »

Terms

While we only use edited and approved content for Azthena answers, it may on occasions provide incorrect responses. Please confirm any data provided with the related suppliers or authors. We do not provide medical advice, if you search for medical information you must always consult a medical professional before acting on any information provided.

Your questions, but not your email details will be shared with OpenAI and retained for 30 days in accordance with their privacy principles.

Please do not ask questions that use sensitive or confidential information.

Read the full Terms & Conditions.

Provide Feedback

You might also like...
Survey reveals strong public desire for notification about AI use in healthcare