Health Insurer Stocks Slide on Trump’s ACA Payment Proposal
Shares of health insurers plummeted after former President Donald TRUMP suggested rerouting federal Affordable Care Act subsidies directly to consumers. The proposal, posted on Truth Social, would bypass insurance companies and upend the current ACA marketplace structure.
Centene, HCA Healthcare and Molina Healthcare led S&P 500 decliners as investors weighed the potential disruption to insurer revenue streams. Trump framed the MOVE as taking from "BIG, BAD Insurance Companies" to let Americans purchase better coverage.
The remarks revive longstanding Republican opposition to Obamacare while introducing new uncertainty for healthcare stocks. Insurers received $138 billion in federal payments this year according to Washington analysts - funds that could be redistributed under Trump's vision.