Feb. 26 (Bloomberg) -- U.S. stocks fell for a second day as concern health-care profits will be hurt by a White House overhaul of the medical system offset a rally in banks spurred by the administration’s request for more financial-rescue funds.
UnitedHealth Group Inc. and Humana Inc. slid at least 12.8 percent and Eli Lilly & Co. lost 4.7 percent on concern Obama will cut Medicare payments to insurers and raise rebates drugmakers must provide to patients on Medicaid. SLM Corp., known as Sallie Mae, tumbled 31 percent as the president proposed ending its student loan subsidies. JPMorgan Chase & Co. and Wells Fargo & Co. gained more than 6 percent as Obama’s budget proposed as much as $750 billion in new bailout funds. more...
Tidak ada komentar:
Posting Komentar