Stocks of major insurance companies that have stuck by Obamacare fell at the opening bell of the New York Stock Exchange, as the healthcare law now faces an uncertain future after Donald Trump’s surprise win and the GOP held on to Congress.
Major Obamacare insurer Anthem, which has stuck by the law while others have fled, was down by about 1 percent at the market’s opening on Wednesday.
Obamacare insurer Centene, which has expanded a lot into Obamacare, was down a whopping 16 percent early in the trading day.
Meanwhile, the stock price for insurers that have mostly left the exchanges was more stable. The stock price was mainly flat for UnitedHealth, the country’s largest insurer that has fled most of its Obamacare presence due to major losses.
Humana, which exited 4 out of 15 states it offers Obamacare plans in 2017, actually saw its stock price rise by 3.4 percent. Another insurer that initially tried to expand in Obamacare in 2017, Cigna, was down by 1 percent, but Aetna, another Obamacare insurer that largely defected from the market, was up 3 percent.
