Many leading payers’ stock fell following the news. Bloomfield, Conn.-based Cigna share fell 2.25 percent on March 24. Indianapolis-based Anthem shares also took a dip, falling more than 1.5 percent that day. March 24th marked the company’s lowest day this year since Feb. 17, 2017.
A Leerink Partners analyst told CNBC on its “Squawk Box” that the payers would likely have experienced an increase in their stock’s value if the bill had passed.
Dallas-based Tenet Healthcare shares rallied 7.4 percent on March 24 and Franklin, Tenn.-based Community Health Systems shares jumped more than 9.5 percent.
Other companies and health systems were victorious following the AHCA withdrawal including Franklin-based Acadia Healthcare whose shares increased almost 6 percent and Long Beach, Calif.-based Molina Healthcare whose shares rallied 4.6 percent on March 24.
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