Investors gird for impact of Trump health care measures

Reuters

23 January 2017 - An order by President Donald Trump that could scale back enforcement of some Obamacare provisions is unlikely to sink health insurance stocks, but shares of hospitals and Medicaid providers could be under pressure over fears more poor people would lose coverage, analysts said.

President Trump signed an executive order on Friday urging government departments to "waive, defer, grant exemptions from, or delay the implementation" of provisions of the Affordable Care Act, known as Obamacare, that imposed fiscal burdens on states, companies or individuals.

While the order lacked details, it signalled the start of an effort by Trump and Republicans to repeal and replace the program, which expanded health coverage to some 20 million people.

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Michael Wonder

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Michael Wonder