(NewsReady.com) – Sen. Bernie Sanders (D-VT) promises to provide Americans with a host of free services. Under a Sanders administration, citizens would receive universal health care, free public college tuition, potentially have access to a new federal housing program, and much more. How exactly he will pay for these programs has been alluded to, and Wall Street has taken notice.
Wall Street doesn’t like what it sees.
In particular response to Sanders’ Medicare for All program, health insurance company stocks just saw a significant drop. Some of the big insurance providers’ stocks, like Anthem, Cigna, UnitedHealth, and Molina Healthcare, dropped between 2% and 3.1%.
To Sanders, the viability of these types of health insurance providers is second to giving all Americans health coverage.
Our health cannot continue to be dependent upon the whims of insurance companies whose only goal is to make as much profit as possible.
— Bernie Sanders (@BernieSanders) August 16, 2016
It’s showing how much investors are starting to worry about their market presence now that Sanders’ popularity and support have undergone a strong upswing.
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