Key Dow Stocks Are Plunging – Blame Bernie Sanders

2019-4-17 20:19

By CCN: The Dow and broader US stock market struggled to sustain any positive momentum on Wednesday, as key health-care stocks flirted with their worst declines of 2019. The culprits? “Medicare for All” and its would-be harbinger, Bernie Sanders.

Health-Care Stocks Plunge by $28 Billion on Tuesday, and the Sell-Off Isn’t Over Yet Bloomberg data indicates that health insurance companies and hospitals lost a staggering $28 billion in market value on Tuesday after UnitedHealth Group CEO David Wichmann warned that the Medicare for All bill favored by Bernie Sanders and other top Democratic lawmakers would completely “destabilize” the US health-care

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Dow Recoils as UnitedHealth Boss Bashes Medicare for All

By CCN: After a promising start, the Dow and broader U. S. stock market gave back most of their gains Tuesday, as a volatile health sector roiled investors’ confidence after UnitedHealth raised serious questions about a new Medicare for All bill proposed by House Democrats.