Ending private health insurance has been one of the rallying cries of Elizabeth Warren‘s presidential bid and her rise in the polls has made health care investors nervous.
Yet the week after the leading Democratic contender detailed how she’d pay for her Medicare for All plan, prompting widespread debate, investors are seemingly to shrugging off the news altogether.
The S&P 500 Managed Care index rose more than 3% last week. Six straight weeks of gains have the large-cap health insurance sector up more 19% for the fourth quarter.
Part of the move higher follows strong third-quarter earnings reports over the last few weeks from the major health insurance giants UnitedHealth Group, Humana, Centene, Cigna and Aetna parent CVS Health.
It marks a big change in sentiment, after the sector sank 12% over the second and third quarters, when Warren’s poll numbers began to rise and the White House and Congress seemed poised to introduce regulatory curbs on insurers’ pharmacy benefit…