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(AP Photo/Richard Drew)

(Bloomberg) — Health insurers that waged a campaign against Obamacare hit an all-time high on the stock market Wednesday after UnitedHealth Group Inc. said it would add hundreds of thousands of new customers because of the law.

The Standard & Poor’s 500 Managed Health Care Index — which includes the five biggest U.S. insurers — closed at 1,031.18, the highest level since at least 1994. Health insurers have said that the Affordable Care Act has cost them billions in taxes and fees — including $1 billion in 2014 for UnitedHealth — and burdened them with new regulations.

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