Health insurers rise on reports of US planning to extend Obamacare subsidy
Shares of U.S. health insurers gain premarket after Politico and others report that the government plans to propose Affordable Care Act (ACA) subsidy extension
Shares of Centene up 9.7%, Elevance up 3.5%, Molina Healthcare rise 5.4%, UnitedHealth up 2.4%, Humana up 3%
Politico said on Monday the White House is preparing to unveil a health-policy framework that would extend ACA, also known as Obamacare, premium subsidies for two years and add new eligibility limits
Earlier this month, the U.S. Senate struck a deal to end the 40-day federal shutdown without extending ACA subsidies, which are due to expire at the end of the year, setting up a December vote on the issue instead
The White House did not immediately respond to a request for comment
Up to last close, ELV down ~13%, UNH down ~37%, CNC down ~40%, HUM down ~11%
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