Some health insurers gain, others fall as Trump elected US President
Updates
** Shares of UnitedHealth UNH.N and Humana HUM.N rise 6% and 9%, respectively, in early trading on Wednesday as Donald Trump elected for a second term as US President
** Leerink analysts said a Trump presidency is "perceived less negative to positive" for insurers like UNH and HUM that serve Medicare Advantage plans for people 65 years and older
** "That too may be not be case, as we don't necessarily think Trump cares to help the health insurers that much," - Leerink
** Brokerage adds a new leadership at the U.S. Federal Trade Commission could be viewed as potentially positive for consolidation within the health insurance sector
** Shares of CVS Health CVS.N also gain 11.5% to $61.68, helped also by its appointment of former UNH exec Steve Nelson to run its Aetna insurance business
** On the other hand, shares of Centene CNC.N, which offers Medicaid plans that cover low-income people, fall 4.5% to $61.90 and peer Molina Healthcare MOH.N down 5.2% at $316.15
** A Trump administration could push for reductions in funding, and changes to some payment integrity rules that help manage spending for Medicaid plans - J.P. Morgan analysts had said ahead of elections
** As of last close, UNHup about 8%, CI up 6% and ELV up 5% YTD; HUM down 43%, CNC down ~13%, CVS down ~30% and MOH down ~8% YTD
Reporting by Bhanvi Satija in Bengaluru
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