The much-anticipated GOP health care bill is finally here.
Republican Senate leaders released their version of a healthcare bill that will roll back much of the Affordable Care Act, also known as Obamacare.
The bill cuts back on funding for lower-income and middle-class Americans. The bill also aims to stabilise the recently volatile health care industry in the short term.
The bill still has to pass a vote in the Senate and a reconciliation process with the House of Representatives before President Trump would be able to sign it into law. Republican Senate leaders are hoping to hold a vote on the bill before a week-long July 4 recess.
Healthcare investors seem to appreciate the new bill. Several insurance, pharmaceutical, and healthcare provider stocks are rallying after the bill was released and as pundits begin to digest its contents.
Here are some of the most notable movers:
- Anthem (ANTM) +1.46%
- Pfizer (PFE) +0.97%
- UnitedHealth (UNH) +1.69%
- Tenet Healthcare (THC) +7.41%
- Community Health Systems (CYH) +8.96%
- Humana (HUM) +1.77%
- HCA Holdings (HCA) +3.76%