Donald Trump originally resisted cutting funds for Medicaid, until his budget director Russell Vought convinced the president reductions to health coverage were weeding out fraud and abuse, Nancy Cook of Bloomberg reports. Trump has adopted this rhetoric and has declared his bill contains “no cuts” to the social safety program, even as the Congressional Budget Office estimates at least 7.6M will become uninsured if the bill goes into effect. The Medicaid cuts of about $723B represent a major bill payer as Republicans look to counter the effects of tariffs. Publicly traded companies in the healthcare space include CVS Health (CVS), Centene (CNC), Cigna (CI), Elevance Health (ELV), Humana (HUM), Molina Healthcare (MOH) and UnitedHealth (UNH).
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CI:
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue