UnitedHealth's stock has 'caught fire' due in part to Sen. Elizabeth Warren appearing to 'back away' from her 'Medicare for All' proposal, according to Jim Cramer.
Shares of the managed-care company got hammered in September when Warren became the new frontrunner in the crowded 2020 Democratic presidential race. Warren platform has called for the elimination of private health insurance, like UnitedHealth, and replacing it with a universal Medicare plan for all Americans.that she wouldn't immediately transfer to a single-payer system.
Warren "backed away from Medicare for all, saying she'd wait until her third year to implement it — in other words, it's not a priority and it probably won't happen," Cramer explained on ""Wall Street was terrified of Warren, but as her numbers have faded," UnitedHealth has rallied, he said.CEO David Wichmann has previously warned investors that Medicare for All would "destabilize the nation's health system.
Despite concerns from UnitedHealth, public support for a single-payer system has grown. According to a survey from the Kaiser Family Foundation,in which all citizens would get insurance from a single government plan. Cramer said the stock market would love to have a more centrist, "business-friendly Democrat" like former Vice President Joe Biden or Pete Buttigieg running against President Donald Trump next year.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Cramer: I'm not worried about a December stock market drop like last year'Nothing worries me in the sense of looking for a big sell off in December,' says CNBC's Jim Cramer.
Leer más »
What The Failure Of Warren Buffett’s Latest Deal Says About The Stock MarketThe Oracle of Omaha recently lost a big takeover battle.
Leer más »
Stocks tumble on manufacturing weakness—here's what Cramer and other industry pros see aheadWeaker-than-expected results from November's ISM Manufacturing index reading weighed on stocks on the first trading day of December, but experts aren't too concerned.
Leer más »
Jim Cramer: We need more 'negativity' in the market before you can start buying again'Once people start worrying again, stocks will come down to more reasonable levels and then you can pounce, but we're not there yet,' the 'Mad Money' host says.
Leer más »
Charts show stocks will face pressure through most of Q1 2020, Jim Cramer saysInvestors are turning from bullish to bearish and Larry Williams suggests investors 'try to sidestep the pain here,' the 'Mad Money' host says.
Leer más »
Illinois Democrat Jan Schakowsky endorses Warren for presidentIllinois Democrat Rep. Jan Schakowsky has endorsed Sen. Elizabeth Warren's 2020 Democratic presidential bid. Schakowsky is in her 11th term in Congress, according to her congressional website.
Leer más »