The S&P 500 Managed Care Index fell 2.3 percent to the lowest since Oct. 29, led by Centene, WellCare, Anthem and Cigna. Molina plunged as much as 13.5 percent, the most since February 2017. (Photo: Bloomberg)
(Bloomberg) –Health-care stocks were among the worst performers in the S&P 500 selloff Monday as hospitals and insurance stocks sink on a judge's ruling Friday that Obamacare is unconstitutional.
A judge sided with Texas late Friday in a lawsuit alleging that Congress's decision in 2017 to kill a related tax penalty essentially voided the entire Affordable Care Act.
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