figure with briefcase walking across tumbling coins While it's a longshot to become lawdespite the backing of some contenders for the Democraticpresidential nomination, the proposal has the power to upendcompany stock prices.(Photo: Shutterstock)

(Bloomberg) –Politics can be an ugly business. Health-carepolitics, especially so. Health-care companies that get mixed up inpolitics? That was $28 billion worth of ugly on Tuesday, and thestock market damage continued on Wednesday.

“Presidential primary politics,” said Evercore ISI analystMichael Newshel, are “more in focus than fundamentals.”

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
NOT FOR REPRINT

© 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.