Reform Setbacks Give Health Care Stocks A Boost
Setbacks for Democrats on health reforms earlier this week including delays in one Senate committee and a higher-than-expected cost estimate in another are good for the market, Dow Jones Newswires reports. "Health-care stocks rose Thursday on doubts that the Obama Administration's health reforms would be as extensive or speedy as anticipated. Humana, Coventry Healthcare and Health Net were all up more than 8 percent today, while four major insurers, UnitedHealth Group, Aetna, WellPoint and CIGNA Corp. all gained 4 to 7 percent, Dow Jones reports.
"There are doubts as to whether health reform gets done this year at all," one financial analyst who specializes in managed-care stocks told Dow Jones (Conway, 6/18).
