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On April 16, UnitedHealth Group announced a profit of $ 3.5 billion for the first quarter of fiscal 2019. The same day, the company's share price fell by 4%, according to Bloomberg.
Four things to know:
1. UnitedHealth joined the "Medicare for All" debate on April 16, when CEO David Wichmann warned investors that the "Medicare for All" proposals would destabilize the country's health care system. CNBC.
2. Despite the results of analysts published by UnitedHealth in the first quarter, the uncertainty surrounding the proposals "Medicare for All" pushed the price of the action down.
3. Several other leading insurers and for-profit hospitals also saw their prices fall on April 16. According to the data compiled by Bloomberg, insurers and hospital operators lost $ 28 billion in market value.
4. The share price of HCA Healthcare based in Nashville, Tennessee, fell 10% on April 16, while the Community Health Systems stock price, based in Franklin, in Tennessee, dropped by almost 6%.
Access full Bloomberg article here.
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