+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeQuizzoneWhatsappShare Flash Reads
 

Healthcare stocks slide after the GOP releases its plan to repeal Obamacare

Mar 7, 2017, 20:56 IST

President Donald Trump delivers his first major address to Congress, flanked by Vice President Mike Pence and House Speaker Paul Ryan.Jim Lo Scalzo/Pool Image via AP

Healthcare stocks are down after House Republicans rolled out their new healthcare plan, called the American Health Care Act (AHCA), to replace Obamacare or the Affordable Care Act (ACA) on Monday.

Advertisement

The Health Care Select Sector SPDR Fund which tracks the sector's performance is down 0.7% at 9:56 a.m. ET on Tuesday.

In contrast to the general index, healthcare stocks have had a relatively bumpy ride since the election-underperforming the S&P 500 index from the election until January 1 but have recorded the second-best sectoral gains since then.

Here's a rundown of the biggest losers among healthcare stocks on Tuesday at 9:53am ET:

Tenet Healthcare: -3% @ $20.18

Advertisement

HCA Holdings: -0.5% @ $87.38

Universal Health Services: -1.3% @ $124.98

Lifepoint Hospitals: -0.1% @ $64.75

United Health Group: -0.1% @ $168.58

Aetna is outperforming its peers, trading up 0.4% at $131.86 per share.

Advertisement

Markets Insider

NOW WATCH: Here's why flights take longer than they did 50 years ago

Please enable Javascript to watch this video
Next Article