US election results' impact can vary among health insurers, says Raymond James
** Shares of U.S. health insurers could swing either ways after the 2024 U.S. election, depending on who wins, unlike previously when they would collectively outperform the market in the first year after results, says brokerage Raymond James
** A win for Republican candidate Donald Trump may aid shares of health insurers like UnitedHealth UNH.N and Humana HUM.N that offer Medicare Advantage plans for older adults but hurt those that provide Medicaid for low-income people or companies for insurance under Affordable Care Act (ACA) - brokerage
** The inverse is likely if U.S. President Joe Biden wins, but insurers for ACA plans, colloquially called 'Obamacare', could still face challenges unless Democrats also sweep the Senate and House - Raymond James
** Healthcare providers like HCA Healthcare HCA.N and Tenet THC.N could benefit from Biden's win and especially if Democrats sweep the Senate as their policies may reduce the uninsured population - brokerage
** Medical technology and lifescience tools are "safe space" from election volatility, except if tax increases, but there could be collateral impact from policies that affect others - brokerage
** Up to Friday's close, S&P 500 Health Care Sector index .SPXHC up ~6% YTD, vs a ~17% increase in S&P 500 index .SPX during the period
Reporting by Leroy Leo in Bengaluru
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