UnitedHealth Group (UNH), the single largest weighting in the Dow Jones Industrial Average (DJIA), has risen about 6% on Wednesday in light of Donald Trump’s reelection to the US presidency.
UNH stock jumps more than 6% on Trump presidential election win. Health insurers that manage Medicare Advantage programs saw their share prices rise. The Biden administration has been attempting to lower reimbursement rates for senior healthcare. Companies focused on Medicaid care swung to losses as Republicans are less favorable to the poor.
In particular, insurers that runMedicare Advantage programs saw the most gains. These programs are private versions of the government's main government-led enrollment program. The positivity around a Trump presidency was felt throughout the health insurance industry. CVS Health , which owns insurer Aetna, bounced 11% higher, but that was a reaction to third-quarter earnings as well. Humana stock also advanced at a healthy clip.
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