One Corner of Stock Market Signals Doubt Over Trump Re-Election
- Health insurers, a political battleground, have sold off again
- Latest slump comes as ‘Medicare-for-All’ Democrats gain ground
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When it comes to investors’ outlook for next year’s presidential election, health-insurance stocks are among the best proxies. And right now, the pendulum is starting to tilt away from Donald Trump.
Managed-care companies have been roiled by Democratic proposals that would upend the industry by replacing private insurance with a government-run system. An index comprised of five large U.S. providers fell to the lowest in four months on Tuesday on concern that Senators Bernie Sanders and Elizabeth Warren, who favor “Medicare-for-All,” have been gaining ground on frontrunner Joe Biden, who proposes a more moderate approach to health care.