Insurers are out of the fire — and bracing to fall into another one.

Shares of insurance companies with Obamacare exposure rallied Tuesday on news the Senate will not vote on the Graham-Cassidy bill, the GOP's latest effort to repeal the Affordable Care Act (ACA).

But the rally has been small, likely reflecting the fact that the measure's chances of passage were always fairly slim — and the GOP may not give up on this effort even after another bruising defeat.

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