Wells says ‘Great Healthcare Plan’ lacks new onerous proposals

Wells Fargo says the “The Great Healthcare Plan” released by the White House, which calls on Congress to implement reforms affecting premiums, pharmacy benefit managers, and drug pricing, will likely face a difficult path forward. In addition, lack of “new onerous proposals could be viewed as positive” for the healthcare services group, the analyst tells investors in a research note. Names covered by the analyst include CVS Health (CVS), Cardinal Health (CAH), BrightSpring Health (BTSG), Cigna (CI), Centene (CNC), Humana (HUM), McKesson (MCK), Tenet Healthcare (THC) and UnitedHealth (UNH).