Shares of some health insurers and hospital operators rise on Trump comments, analysts say

Tenet Healthcare

03/02/2025 19:02

** Brokerage Baird says President Donald Trump's comments from last Friday to "love and
cherish" Social Security, Medicare and Medicaid are positive for hospital operators and Medicaid
focused health insurers 
    ** Shares of health insurers UnitedHealth Group  UNH.N  rise 1.4%, Molina Healthcare  MOH.N 
up 4%, Centene  CNC.N  up 1.4%, Elevance Health  ELV.N  up 2.2%
    ** Shares of hospital operators HCA Healthcare  HCA.N  up 1.7%, Tenet Healthcare  THC.N  up
2.7% and Universal Health Services  UHS.N  up 1.4%
    ** Baird says Republican Congress members have reportedly been eyeing Medicaid plans for
lower-income Americans as a potential area for spending reform
    ** "If Congress were able to pass legislation including significant Medicaid reform, Trump's
positive updated view on Medicaid may lead to a presidential veto," which is unlikely to be
overridden — Baird
    ** Up to last close, CNC down 15.1% and HCA up 8.2% in the last 12 months

    

 (Reporting by Christy Santhosh)
 ((Christy.Santhosh@thomsonreuters.com))