News Release

Barron’s: “Real Super Tuesday Winners” are Health-Insurance Stocks

The leading business journal Barron’s is reporting today in “Health-Insurance Stocks Are the Real Super Tuesday Winners” that: “Joe Biden, the former vice president, outperformed expectations in key primary states on Super Tuesday, setting up a rally in the stocks of the health-insurance companies threatened by Sen. Bernie Sanders’ Medicare for All plan.

“Shares of UnitedHealth Group (UNH) were up 8.9 percent in premarket trading on Wednesday, while shares of Cigna (CI) were up 7.3 percent and Anthem (ANTM) had gained 8.8 percent. S&P 500 futures were up 2.3 percent, likely driven by Biden’s success.”

Commondreams reported Monday: “‘Which Side Are You On?’ Ask Progressives as Health Insurance Stocks Spike After Centrists Coalesce Around Biden.”

JAMES G. KAHN, MD, MPH, JGKahn at ucsf.edu
Dr. Kahn is emeritus professor at the Philip R. Lee Institute for Health Policy Studies, the Department of Epidemiology and Biostatistics, and the Institute for Global Health Sciences in the School of Medicine, University of California San Francisco.

He said today: “Improved nomination prospects for Joe Biden could increase the stocks of for-profit health companies, with perceptions that a public financing approach — Medicare for All, supported by Bernie Sanders — is less likely. Medicare for All would shift profits and excess paperwork waste into health care, ending uninsurance and under-insurance.”

Kahn was recently on the accuracy.org news release: “Can Medicare for All Help Deal with Pandemics?”

Kahn’s work includes “Projected costs of single-payer healthcare financing in the United States: A systematic review of economic analyses” and more than 160 scientific articles on the costs and health effects of disease prevention and treatment interventions in the U.S. and globally.