Health insurers rise after Trump unveils new healthcare plan

Shares of health insurers rise after U.S. President Donald Trump announced a healthcare plan that the White House said would lower drug prices and insurance premiums, make prices more transparent and hold insurance companies accountable

Shares of UnitedHealth UNH.N rise 1%, Centene CNC.N rise 2.5%, CVS CVS.N rise 1.6%, Cigna CI.N rise 1.4%, Elevance Health ELV.N rise 2.1% and Molina Healthcare rise 2.4%

Trump's framework, dubbed "The Great Healthcare Plan" and outlined in a White House fact sheet, includes an insurance cost-sharing reduction program that could reduce the most common Obamacare plan premiums by over 10% and replaces government subsidies for insurance with direct payments to Americans

"Our initial read of the White House's Great Healthcare Plan is that it should have a fairly limited impact across our broader coverage," Leerink Partners analysts say

"This is, we think, at the core about the subsidies and certainly seems to support a view that the administration has a desire to establish a fix," the brokerage adds