Healthcare stocks took a beating in the US for the week following stronger support for 'Medicare for All' following Bernie Sanders televised town hall event
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| 'Medicare for All' talk spooked healthcare stocks this week |
- Healthcare companies' shares slumped after the CEO of UnitedHealth, the nation's biggest health insurer, warned about "Medicare for All" politics in a company earnings call.
- UnitedHealth's CEO David Wichmann said that a Medicare-style single-payer program would cause a "wholesale disruption" in healthcare.
- Investors seem more spooked that Medicare for All, backed by Sen. Bernie Sanders and other Democratic presidential candidates, could supplant private health insurers.
