Health insurer shares pummeled by Sanders surge, virus worries

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Health insurer shares pummeled by Sanders surge, virus worries
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As concerns over the spreading coronavirus outbreak hammered U.S. stocks, one co...

Sanders, a U.S. senator whose progressive agenda includes a national Medicare for All health plan, scored a dominant win in the Nevada caucuses over the weekend, adding momentum in his bid for the Democratic presidential nomination to face off against U.S. President Donald Trump in the November general election.

James said most investors doubt Sanders’ health-reform plan will receive enough support to pass in Congress and would be too disruptive to even be feasible to implement. Health insurer stocks have proved volatile throughout the Democratic presidential race, sometimes falling as polls showed improvement for Sanders and fellow progressive candidate Elizabeth Warren.

“If it were to become a pandemic in the United States, that would be a significant impact to the operations for managed care,” said David Heupel, healthcare analyst at Thrivent Investment Management.

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