Health Care Stocks Rise After Trump Vows To ‘Love and Cherish’ Medicare, Medicaid
Key points
- President Trump said that his government “will not do anything” and is related to social security, medical insurance and medical subsidies. On Monday, a few healthcare stocks rose on Monday.
- Health insurance company Molina HealthCare is the second largest vertical pipe of Monday.
- After Trump ordered the tariffs on Canada, Mexico and China on the weekend, healthcare stocks reversed the downturn in US stocks.
President Trump said his government will “love and cherish social Security,,,,, Medicareand Medical subsidyEssence “
Molina Medical Care (No) It is the second largest contestant S & P 500 On Monday, the stock of health insurance companies rose nearly 5 %. Insurance companies elevated and healthy stocks (in principle) 2 %, pharmaceutical dealer abbvie (ABBV) Increased by 3 % and custody care provider Centene Corp (CNC) Increased by 1 %, wider U.S. stocksEssence
Analyst Raymond James analysts said on Sunday that although Trump has previously maintained his government to protect social security and medical insurance, “this is the first time we know” medical subsidies have been included in the group.
Trump told reporters on Friday night: “Except for we can find some abuse or waste, what we will do, but people will not be affected, we will not do anything (social security, medical insurance and medical subsidies) “” ”
After Trump, medical care barrier occurs in a wider market uncertainty Order tariff On Saturday of Mexico and Canada, China is 10 %.
The major US stock indexs began to decrease sharply on Monday’s meetings, but in Trump and Mexican President Claudia Sheinbaum, the tariff on Mexico products would be the tariffs on Mexico products. Delay One month. Tariffs to Canada are similar to pause Be announced After the stock market is closed.