NEW YORK (
TheStreet) -- The reported death of the
public option in the congressional health care overhaul breathed life into health care stocks on Wednesday.
New York Times reported that Harry Reid said an agreement had been reached on the contentious public option. While Reid can parse his words and say the public option has been "sidelined" as opposed to "killed," the reported agreement seemed to be, in effect, a Congressional authorization of assisted suicide in the case of its handling of the public option.
(AGP) led the surge, up more than 3% at the midday trading point Wednesday.
(UNH - Get Report) was up a marginal 0.4%, but other health care names had more sizable gains.
(HUM) was taking part in the limited rally, up 0.7% at midday.
(HNT - Get Report) and
(AET - Get Report) were up 1.6% and 0.8%, respectively in early trading.
WellCare Health Plans
(WCG - Get Report)
was doing well, up 0.4%, while
was still looking a little unwell on Wednesday, down 0.4% at mid-day.
, on the other hand, was down 0.7% at mid-day.
-- Reported by Eric Rosenbaum in New York.
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