Continued worries about the possible unwinding of the Affordable Care Act as well as renewed calls from the Trump administration and leading Democrats to push prescription drug prices lower are clouding the earnings outlook for many health care companies
New York The stock market is having a banner year, despite the trade war with China and worries about a looming economic slowdown. But health care stocks aren't taking part in the rally.
Three of the worst stocks in the Dow this year are drug store giant Walgreens , Big Pharma king Pfizer and top insurer UnitedHealth . Continued worries about the possible unwinding of the Affordable Care Act — aka Obamacare — and renewed calls from the Trump administration and leading Democrats to push prescription drug prices lower are clouding the earnings outlook for many health care companies.
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