NEW YORK ( TheStreet) -- A year ago the Supreme Court was in the midst of deliberating the constitutionality of the Affordable Care Act, otherwise known as Obamacare. After the highest court in the land let the law stand, many health maintenance stocks, also known as the health insurers, weakened to 52-week lows last July/August. At issue, the Obamacare mandated funding cuts effective 2014.This week we learned that the cuts for Medicare Advantage plans would be less than anticipated and six of the eight health maintenance stocks I am profiling today popped to new multi-year or 2013 highs on Tuesday. As a result of these price pops, Humana (HUM - Get Report) has been downgraded to hold from buy this morning.
Health Insurers Gain On Medicare Advantage
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