Health insurers rise after US House advances effort to reinstate healthcare subsidies

Shares of health insurers rise between 1% to 2%

The U.S. House of Representatives on Wednesday advanced Democratic legislation that would reinstate expired healthcare subsidies

Shares of Elevance Health ELV.N rose 2.4% to $375.04, Centene CNC.N rose 1.4% to $46.41, Cigna CI.N was up 1.5% at $283.19, UnitedHealth UNH.N up 1.3% at $346.1 and Molina Healthcare MOH.N rose 1.8% to $179.6

The Democrats' legislation would reinstate healthcare subsidies that lower costs for 24 million Americans who get their coverage through the Affordable Care Act, which expired at the end of 2025

Millions of people who purchase their healthcare coverage through the Affordable Care Act would face higher premiums unless there is congressional action after COVID-era U.S. subsides expired on December 31

About 24 million Americans buy their health insurance through the ACA, nicknamed Obamacare because it was passed under Democratic President Barack Obama

In the past 12 months, ELV down 5%, UNH down 34.7%, CNC down 32.1%, CI down 0.3% and MOH down 40.4%