Trump's Healthcare Proposal Sends Stocks Plummeting

Former President Donald Trumps proposal to redirect federal healthcare funds directly to individuals, bypassing insurance companies, has sent shockwaves through the healthcare sector. Major stocks like Centene, HCA Healthcare, and Molina Healthcare plummeted following Trumps Truth Social post, which criticized insurance companies as money sucking and advocated for a shift in ACA marketplace operations. The estimated gross cost of subsidies to insurance companies this year is one hundred thirty-eight billion dollars, a significant increase from two thousand twenty. Trumps comments have reignited debate surrounding the Affordable Care Act and federal health insurance subsidies, with investors reacting strongly to the potential market overhaul.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.