Health insurance stocks fall after DOJ agrees with Texas court that ACA is unconstitutional


2019-03-28 06:35:00 MarketWatch


By Health insurance stocks slid on Tuesday after the Justice Department said it stood with a Texas district court's December ruling that the Affordable Care Act is unconstitutional, essentially agreeing that the entire law should be struck down. Shares of companies with heavier exposure to Medicaid were in the lead, with Molina Healthcare, Inc. MOH, -5.84% shares falling 6.6%, Centene Corporation CNC, -2.02% shares falling 2% and WellCare Health Plans Inc. WCG, -2.06% shares slipping 1.8%. Shares of more diversified, large-cap companies like UnitedHealth Group Incorporated UNH, +0.01% Cigna Corporation CI, -0.89% Humana Inc. HUM, -1.29% and Anthem Inc. ANTM, -1.30% slipped as well. "The space could see continued weakness on the back of the DOJ brief," Jefferies health-care trader Jared Holz told MarketWatch in an email. He said he thinks an actual law change would be unlikely, since that would require support from both the House and the Senate. "The greater significance here near-term could be additional headline risk adding to an already tenuous ground for insurers," he said. The ruling was a departure for the Justice Department, which had previously sought to cut only protections for pre-existing conditions.
由。 美国司法部( Justice Department )周二表示,与德克萨斯州一家地方法院12月的裁决相一致,即《平价医疗法案》( Affordable Care Act )违宪,基本上同意取消整个法案。与 Molina Healthcare , Inc .合作的 Medicaid 风险敞口较大的公司股票处于领先地位。 卫生部(MOH),-5.84% Centene 公司股价下跌6.6% CNC ,-2.02% 股价下跌2%,医疗保健计划公司。 WCG ,-2.06% 股价下跌1.8%。联合健康集团( UnitedHealthGroupIncorporated )等更多元化、规模更大的公司的股票 UNH ,+0.01% Cigna 公司 CI ,-0.89% Humana Inc 。 HUM ,-1.29% 和 Anthem 公司。 ANM ,-1.30% 同样下滑。Jefferies 医疗保健交易员 JaredHolz 在一封电子邮件中告诉 MarketWatch ,“在司法部简报的背后,这个空间可能会持续疲软。”他说,他认为不太可能进行实际的法律修改,因为这需要得到众议院和参议院的支持。他说:“短期而言,更重要的意义可能是额外的整体风险,增加了本已脆弱的保险基础。”这一裁决是对司法部的一种背离,此前司法部曾试图只削减对原有条件的保护。