Democratic Primaries
Related: About this forumHealth insurer shares pummeled by Sanders surge, virus worries
NEW YORK (Reuters) - As concerns over the spreading coronavirus outbreak hammered U.S. stocks, one corner of the market was confronted with another potentially game-changing prospect: a Bernie Sanders nomination.
The S&P 500 managed healthcare index of health insurance stocks <.SPLRCHMO> tumbled over 7% early Monday afternoon, compared to a 3.5% fall for the overall S&P 500 <.SPX>. Shares of industry bellwether UnitedHealth Group Inc <UNH.N> dropped 7.6% and were the biggest individual drag on the Dow Jones Industrial Average <.DJI>, while shares of Centene Corp <CNC.N> fell more than 10%.
Sanders, a U.S. senator whose progressive agenda includes a national Medicare for All health plan, scored a dominant win in the Nevada caucuses over the weekend, adding momentum in his bid for the Democratic presidential nomination to face off against U.S. President Donald Trump in the November general election.
The Vermont senator authored Medicare for All legislation that would essentially abolish private insurance in favor of a single government-run plan that covers every American. The ambitious proposal would cost more than $30 trillion over 10 years, according to independent analyses.
Read more: https://www.metro.us/news/the-big-stories/health-insurer-shares-pummeled-sanders-surge-virus-worries
primary today, I would vote for: Joe Biden
empedocles
(15,751 posts)primary today, I would vote for: Undecided
5X
(3,971 posts)primary today, I would vote for: Joe Biden
brewens
(13,393 posts)debated on. I though if I saw that, we'd really be on to something. That not happening told me we would probably be a little disappointed. I consider the ACA to be progress, but just a start. At least Obama showed we could have a national health care plan. It would have of course been a lot better without the republican sabotage.
primary today, I would vote for: Undecided
Renew Deal
(81,801 posts)He wont be he permitted in DC let alone the White House
primary today, I would vote for: Undecided
Magoo48
(4,659 posts)I look forward to the day when their greedy top management and CEOs are rendered irrelevant.
primary today, I would vote for: Undecided
myohmy2
(3,118 posts)...it just proves Bernie's right with MFA...
primary today, I would vote for: Joe Biden