- Health insurers and managed care providers are in the red after UnitedHealth Group (UNH -3.9%) posted better-than-expected Q1 results this morning, normally a bullish event for the sector. In this case, though, comments by CEO David Wichmann during the conference call that universal insurance coverage would result in a "wholesale disruption" in American healthcare appears to have spooked investors, except online insurance exchange operator Health Insurance Innovations (HIIQ +4.2%), albeit on below-average volume.
- Selected tickers: WellCare Health Plans (WCG -2.7%); Triple-S Management (GTS -0.6%); Molina Healthcare (MOH -7%); Humana (HUM -5.6%); Civitas Solutions (CIVI); Cigna (CI -5.2%); Centene (CNC -4.5%); Anthem (ANTM -5.9%)