Some health care stocks remain volatile with the federal government considering a plan to cut spending and raise the nation's borrowing limit, according to a Jefferies analyst.
Analyst Arthur I. Henderson said in a Monday research note that Medicare, the federal program that provides health insurance for the elderly and disabled, "remains in the crosshairs" as Congress and the Obama administration negotiate a plan to trim the federal deficit.
The federal budget deficit is on track to exceed $1 trillion for a third straight year. The huge deficits are putting pressure on federal negotiators to come up with a plan to bring it under control. They face an Aug. 2 deadline for getting an agreement on spending cuts and a measure to boost the nation's borrowing limit.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
