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Health insurer stocks fall after Trump administration seeks overturn of Affordable Care Act

from CNBC

Health insurers came under pressure Tuesday after the Trump administration asked the courts to completely overturn the Affordable Care Act, going beyond its prior position in a Texas lawsuit pending in the court of appeals fifth circuit. The biggest decliners were Molina Health, which fell nearly 10 percent during Tuesday's session, and Centene which fell nearly five percent. The two insurers are among the most highly exposed to the Obamacare Medicaid and individual exchange markets. more

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