Retiring this year? How much you’ll need for health-care costs

Photo by Hero Images via Getty ImagesHealthy couples retiring in 2019 will have to dig deep to cover medical expenses. A 65-year-old couple in good health will need $387,644 to pay for health-care costs for the remainder of their lives, according to HealthView Services, a provider of health-care cost projection software. Meanwhile, a woman who’s the same age but is also a Type 2 diabetic can expect to spend an average of $16,635 in yearly health-care costs. Over time the healthy retiree will pay


Photo by Hero Images via Getty ImagesHealthy couples retiring in 2019 will have to dig deep to cover medical expenses. A 65-year-old couple in good health will need $387,644 to pay for health-care costs for the remainder of their lives, according to HealthView Services, a provider of health-care cost projection software. Meanwhile, a woman who’s the same age but is also a Type 2 diabetic can expect to spend an average of $16,635 in yearly health-care costs. Over time the healthy retiree will pay
Retiring this year? How much you’ll need for health-care costs Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-18  Authors: darla mercado
Keywords: news, cnbc, companies, retiring, services, youll, healthcare, medical, coverage, need, expenses, spend, dental, kaiser, costs, medicare


Retiring this year? How much you'll need for health-care costs

Photo by Hero Images via Getty Images

Healthy couples retiring in 2019 will have to dig deep to cover medical expenses. A 65-year-old couple in good health will need $387,644 to pay for health-care costs for the remainder of their lives, according to HealthView Services, a provider of health-care cost projection software. That sum includes premiums for Medicare Part B (medical insurance) and D (prescription drug coverage), dental insurance and out-of-pocket costs related to doctor’s exams, hearing services and more. The estimate excludes long-term care expenses. Here’s the kicker: The healthier you are, the more money you’ll spend over your lifetime, due to your increased life expectancy.

A 55-year-old woman in good health will spend an average of $13,165 in annual medical costs at age 65, HealthView Services found. Meanwhile, a woman who’s the same age but is also a Type 2 diabetic can expect to spend an average of $16,635 in yearly health-care costs. Over time the healthy retiree will pay $424,875 for medical costs, while the diabetic, with the lower life expectancy, will pony up $266,163, the software provider found. “Annually, the healthy person will spend less out of pocket, but over the course of their lifetime, they will spend more because they have additional years of expenses,” said Michael Daley, product marketing manager at HealthView Services.

Surprise outlays

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A major misconception among retirees is that merely having Medicare coverage will keep them from shouldering large health-care costs. “There are significant expenses that people can incur for services that aren’t covered by the program,” said Tricia Neuman, director of the Kaiser Family Foundation’s program on Medicare policy. Those expenses include the cost of assisted living. The annual national median cost of staying at an assisted living facility hit $48,000 in 2018, according to Genworth Financial. Dental care is another blind spot for retirees, as original Medicare doesn’t cover this expense.

Nearly 2 out of 3 Medicare beneficiaries — close to 37 million people — don’t have dental coverage, according to the Kaiser Family Foundation. Those who do have coverage get it through private Medicare Advantage plans, Medicaid and private plans, according to Kaiser. About 20% of Medicare beneficiaries who received dental services spent more than $1,000 in 2016, Kaiser found. “Some dental services are inexpensive, like cleanings and annual checkups,” said Neuman. “But some are expensive, like crowns and implants.”

Nipping out-of-pocket costs

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Company: cnbc, Activity: cnbc, Date: 2019-07-18  Authors: darla mercado
Keywords: news, cnbc, companies, retiring, services, youll, healthcare, medical, coverage, need, expenses, spend, dental, kaiser, costs, medicare


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Microsoft joins hospital chain Providence to build ‘hospital of the future’

Microsoft is working with Providence St. Joseph Health, a U.S. hospital chain, on building a new high-tech hospital. Providence St. Joseph CEO Rod Hochman said the chain would adapt an existing facility in the Seattle area, near Microsoft’s headquarters. The two companies have discussed their vision for a “hospital of the future” for months, Hochman said, including during several one-on-ones with Microsoft CEO Satya Nadella. Another focus is on improving health care and lowering costs by working


Microsoft is working with Providence St. Joseph Health, a U.S. hospital chain, on building a new high-tech hospital. Providence St. Joseph CEO Rod Hochman said the chain would adapt an existing facility in the Seattle area, near Microsoft’s headquarters. The two companies have discussed their vision for a “hospital of the future” for months, Hochman said, including during several one-on-ones with Microsoft CEO Satya Nadella. Another focus is on improving health care and lowering costs by working
Microsoft joins hospital chain Providence to build ‘hospital of the future’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-09  Authors: christina farr
Keywords: news, cnbc, companies, chain, working, joins, trying, companies, health, amazon, build, microsoft, hochman, hospital, providence, healthcare, care, future


Microsoft joins hospital chain Providence to build 'hospital of the future'

Microsoft is working with Providence St. Joseph Health, a U.S. hospital chain, on building a new high-tech hospital.

Providence St. Joseph CEO Rod Hochman said the chain would adapt an existing facility in the Seattle area, near Microsoft’s headquarters.

The two companies have discussed their vision for a “hospital of the future” for months, Hochman said, including during several one-on-ones with Microsoft CEO Satya Nadella.

The move is part of Microsoft’s latest run at the health-care business after previous efforts, including hospital IT software called Amalga, failed to gain much traction. Meanwhile Apple, Amazon and Alphabet are also looking into the $3.5 trillion sector, but with different areas of focus, ranging from clinical trials to medical devices.

The strategic priorities for the new effort involve improving the electronic medical record so that it’s easier for doctors, nurses and other health providers to find and share information. The companies also plan to use technology like natural language processing and machine learning to help clinicians diagnose and treat patients.

Another focus is on improving health care and lowering costs by working closely with Seattle’s largest employers. Amazon, another Seattle company, is also looking to focus on the employer experience through its partnership with J.P. Morgan and Berkshire Hathaway. That effort was recently dubbed “Haven.”

The project is still in an early phase, with many details undecided, said Hochman, declining to share details on the exact size on the number of beds or scale of the operation. But he insisted that both companies are putting significant “human capital and dollars” into the effort.

“We decided to go big with this partnership,” he said. “This isn’t about just buying software from them.”

Hochman said he decided to team up with Microsoft because it has positioned itself as a partner, rather than a potential competitor.

“Between Apple, Google and Amazon, they all have their strengths,” he said. “And it’s not to say that there won’t be projects with all three, but I’d make the distinction with Microsoft that they’re not trying to do health care themselves. They aren’t trying to be in the health-care business, but are trying to make it better.”

Providence, which owns hospitals in Washington and six other states, has been working for years to position itself as a digitally savvy health system. In recent years, it has snapped up senior leaders from nearby technology companies, including from Microsoft and Amazon. Its chief digital officer, Aaron Martin, previously worked on Amazon’s Kindle service, and its chief information officer, B.J. Moore, worked at Microsoft for more than two decades.

Providence and other health systems are increasingly under pressure to monitor for patients once they’re discharged, as well as to improve how both patients and health providers are treated.

“We can’t be a box that takes care of patients with emergency rooms attached,” said Hochman. “We have to evolve to become information centers, with sophisticated outpatient and inpatient care. It’ll be interesting to see how many (health systems) make it through that transition.”

Microsoft has made other runs at the health-care space, but has not had much success to date. In 2006, it acquired health-care intelligence software called Azyxxi, originally developed by Washington Hospital, and in 2007 it acquired additional tools from a privately held hospital system in Thailand. But these tools, sold under the umbrella name Amalga, never really took off and Microsoft ultimately shut down some of the projects and merged others into a joint venture with GE, before eventually divesting.

Follow @CNBCtech on Twitter for the latest tech industry news.


Company: cnbc, Activity: cnbc, Date: 2019-07-09  Authors: christina farr
Keywords: news, cnbc, companies, chain, working, joins, trying, companies, health, amazon, build, microsoft, hochman, hospital, providence, healthcare, care, future


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Watch Democratic candidates wrangle over health-care proposals at first 2020 debate

Watch Democratic candidates wrangle over health-care proposals at first 2020 debate8 Hours AgoDemocratic candidates take the stage together for the first time Wednesday night as they jockey for position in the race to take on President Donald Trump in 2020. Healthcare became a major issue early in the debate. Watch how several candidates sparred over the role private insurance plays in the U.S. health-care industry.


Watch Democratic candidates wrangle over health-care proposals at first 2020 debate8 Hours AgoDemocratic candidates take the stage together for the first time Wednesday night as they jockey for position in the race to take on President Donald Trump in 2020. Healthcare became a major issue early in the debate. Watch how several candidates sparred over the role private insurance plays in the U.S. health-care industry.
Watch Democratic candidates wrangle over health-care proposals at first 2020 debate Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-26  Authors: jim watson, afp, getty images
Keywords: news, cnbc, companies, 2020, democratic, stage, watch, candidates, healthcare, role, race, proposals, wrangle, debate, trump, sparred


Watch Democratic candidates wrangle over health-care proposals at first 2020 debate

Watch Democratic candidates wrangle over health-care proposals at first 2020 debate

8 Hours Ago

Democratic candidates take the stage together for the first time Wednesday night as they jockey for position in the race to take on President Donald Trump in 2020. Healthcare became a major issue early in the debate. Watch how several candidates sparred over the role private insurance plays in the U.S. health-care industry.


Company: cnbc, Activity: cnbc, Date: 2019-06-26  Authors: jim watson, afp, getty images
Keywords: news, cnbc, companies, 2020, democratic, stage, watch, candidates, healthcare, role, race, proposals, wrangle, debate, trump, sparred


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Obama budget official: ‘Medicare for All’ is Democrat version of GOP’s ‘repeal and replace’

Peter Orszag, CEO of Financial Advisory at Lazard Ltd., speaking at the CNBC Healthy Returns conference in New York on May 21, 2019. Instead, the public will begin to see a “bogeyman” version of government-run health care emerge after the 2020 presidential election. Democratic proposals for a government-run health-care system are the equivalent of Republican bids pushing to repeal and replace Obamacare, and they will never pass, President Barack Obama ‘s former budget chief said Tuesday. Lawmake


Peter Orszag, CEO of Financial Advisory at Lazard Ltd., speaking at the CNBC Healthy Returns conference in New York on May 21, 2019. Instead, the public will begin to see a “bogeyman” version of government-run health care emerge after the 2020 presidential election. Democratic proposals for a government-run health-care system are the equivalent of Republican bids pushing to repeal and replace Obamacare, and they will never pass, President Barack Obama ‘s former budget chief said Tuesday. Lawmake
Obama budget official: ‘Medicare for All’ is Democrat version of GOP’s ‘repeal and replace’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-21  Authors: berkeley lovelace jr
Keywords: news, cnbc, companies, system, health, orszag, version, york, replace, official, budget, gops, ceo, medicare, healthcare, democrat, repeal, governmentrun, obama


Obama budget official: 'Medicare for All' is Democrat version of GOP's 'repeal and replace'

Peter Orszag, CEO of Financial Advisory at Lazard Ltd., speaking at the CNBC Healthy Returns conference in New York on May 21, 2019.

“Single-payer is the Democratic equivalent of repeal and replace. It’ll never be legislated, because the details are too hard,” said Orszag, now CEO of financial advisory at Lazard.

“Medicare for All” will never be implemented in the U.S. because the “details” are “too hard,” former Office of Management and Budget Director Peter Orszag said at CNBC’s Healthy Returns conference in New York. Instead, the public will begin to see a “bogeyman” version of government-run health care emerge after the 2020 presidential election.

Democratic proposals for a government-run health-care system are the equivalent of Republican bids pushing to repeal and replace Obamacare, and they will never pass, President Barack Obama ‘s former budget chief said Tuesday.

President Donald Trump, who has long opposed Obamacare, formally known as the Affordable Care Act, failed to rally the GOP behind an effort in 2017 to repeal and replace it, as he promised during his campaign.

A number of Democratic proposals already making the campaign rounds call for eliminating private health insurance and replacing it with a universal Medicare plan. Lawmakers say it would help reduce administrative inefficiencies and costs in the U.S. health-care system. Most recently, presidential contender Sen. Bernie Sanders, I-Vt., unveiled a bill that would create a government-run system to provide health insurance for all Americans.

Analysts say actually implementing “Medicare for All” would be tough even if Sanders won. Democrats would need to hold on to their edge in the U.S. House and win at least three new Senate seats in the 2020 election to regain control of Congress. Then they would likely need 60 votes in the Senate and two-thirds of the House to overcome any potential filibusters.

The possibility has CEOs of major health-care companies worried too.

The sharpest rebuke came from UnitedHealth Group CEO David Wichmann, who said that “Medicare for All” would “surely destabilize” the U.S. health system.

WATCH: What ‘Medicare-for-All’ looks like in France


Company: cnbc, Activity: cnbc, Date: 2019-05-21  Authors: berkeley lovelace jr
Keywords: news, cnbc, companies, system, health, orszag, version, york, replace, official, budget, gops, ceo, medicare, healthcare, democrat, repeal, governmentrun, obama


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The 5 best US states to live in, according to US News & World Report

Where you live doesn’t just affect what sports team you root for or whether you say “soda” vs. Geography can have a major impact on your career, earnings and quality of life. Each year, U.S. News & World Report surveys over 50,000 Americans in order to rank all U.S. states across 71 metrics in eight categories: crime and corrections, economy, education, environment, fiscal stability, healthcare, infrastructure and opportunity. The resulting Best States of 2019 list reflects the states that offer


Where you live doesn’t just affect what sports team you root for or whether you say “soda” vs. Geography can have a major impact on your career, earnings and quality of life. Each year, U.S. News & World Report surveys over 50,000 Americans in order to rank all U.S. states across 71 metrics in eight categories: crime and corrections, economy, education, environment, fiscal stability, healthcare, infrastructure and opportunity. The resulting Best States of 2019 list reflects the states that offer
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Company: cnbc, Activity: cnbc, Date: 2019-05-14  Authors: abigail hess
Keywords: news, cnbc, companies, ranking, highquality, report, stability, live, states, according, healthcare, infrastructure, world, public, education, best


The 5 best US states to live in, according to US News & World Report

Where you live doesn’t just affect what sports team you root for or whether you say “soda” vs. “pop.” Geography can have a major impact on your career, earnings and quality of life.

Each year, U.S. News & World Report surveys over 50,000 Americans in order to rank all U.S. states across 71 metrics in eight categories: crime and corrections, economy, education, environment, fiscal stability, healthcare, infrastructure and opportunity.

U.S. News ranks each state from one to 50 — with one being the best and 50 being the worst — across each of these eight categories and then uses a weighed average to create a final ranking of the best places to live in the country.

The resulting Best States of 2019 list reflects the states that offer residents public safety and just corrections programs, strong employment and growth, high-quality public education, clean air and water, long and short-term financial stability, access to high-quality healthcare as well as robust energy, internet and transportation infrastructure. U.S. News also calculated opportunity based on variables like cost of living and economic equality.

Here is are the top five states on U.S. News’ Best States of 2019 ranking:


Company: cnbc, Activity: cnbc, Date: 2019-05-14  Authors: abigail hess
Keywords: news, cnbc, companies, ranking, highquality, report, stability, live, states, according, healthcare, infrastructure, world, public, education, best


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Glenview’s Larry Robbins says he’s shorting 3M shares

Glenview Capital Management CEO Larry Robbins said Monday that he’s shorting shares of industrial conglomerate 3M. Robbins underscored 3M’s mounting litigation headaches, which span multiple states and center on pollution as a result of its operations. New Jersey officials filed a similar suit against 3M in March to pay to clean up water and soil contamination. Long a fan of health-care stocks, Robbins also said he likes HMO health-care names like Cigna, Humana and UnitedHealth Group, but he doe


Glenview Capital Management CEO Larry Robbins said Monday that he’s shorting shares of industrial conglomerate 3M. Robbins underscored 3M’s mounting litigation headaches, which span multiple states and center on pollution as a result of its operations. New Jersey officials filed a similar suit against 3M in March to pay to clean up water and soil contamination. Long a fan of health-care stocks, Robbins also said he likes HMO health-care names like Cigna, Humana and UnitedHealth Group, but he doe
Glenview’s Larry Robbins says he’s shorting 3M shares Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-06  Authors: thomas franck
Keywords: news, cnbc, companies, shares, space, hes, states, larry, glenviews, drug, water, 3m, shorting, robbins, suit, short, stocks, healthcare


Glenview's Larry Robbins says he's shorting 3M shares

Glenview Capital Management CEO Larry Robbins said Monday that he’s shorting shares of industrial conglomerate 3M.

Robbins underscored 3M’s mounting litigation headaches, which span multiple states and center on pollution as a result of its operations. The manager added that, since 2015, 3M’s lawsuits have soared eightysevenfold and now pose a significant liability to the company’s earnings.

Glenview estimates that 3M will lose between $4 billion and $6 billion as a result of the litigation.

“You don’t have to be Erin Brockovich to realize it’s not a good pattern,” Robbins said. “This company, 12 days after filing their 2017 10-K in 2018 … paid out” an $850 million settlement to Minnesota, which claimed the manufacturer contaminated water in the state for at least 50 years.

New Jersey officials filed a similar suit against 3M in March to pay to clean up water and soil contamination. The suit in New Jersey court came days after the state’s environmental department directed five companies to take action on contamination caused by toxic chemicals commonly known as PFAS.

Shares of 3M fell 1.9% Monday versus the S&P 500’s 0.8% decline.

Long a fan of health-care stocks, Robbins also said he likes HMO health-care names like Cigna, Humana and UnitedHealth Group, but he doesn’t like pharmaceutical stocks due to the political risk. He highlighted that many Democratic presidential hopefuls — as well as President Donald Trump — are opposed to lofty drug prices.

“In pharmaceuticals … the president can act unilaterally to reduce drug pricing,” Robbins warned from the 2019 Sohn Conference in New York. “The same drug in the United States costs three times as much as other” developed countries.

Robbins spoke at length about possible changes to the health-care system, calling the “Medicare for all” plan favored by many progressives “dead on arrival.”

Robbins said Glenview has three long and 16 short positions in the pharmaceutical space and recommends investors short any ETF that tracks the space. Last year, he picked Express Scripts-Cigna, CVS-Aetna and McKesson as his winners in the field.


Company: cnbc, Activity: cnbc, Date: 2019-05-06  Authors: thomas franck
Keywords: news, cnbc, companies, shares, space, hes, states, larry, glenviews, drug, water, 3m, shorting, robbins, suit, short, stocks, healthcare


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April’s jobs report is full of great news for college grads

As college graduation season fast approaches, new grads find themselves heading into one of the friendliest hiring markets in recent history. “It’s a great time to be graduating,” Andrew Challenger, VP of executive placement firm Challenger, Gray & Christmas, tells CNBC Make It. In April, 27,000 healthcare jobs were added to the market, along with 76,000 professional and business services jobs. Data from BLS shows that retail hiring decreased by 12,000 jobs last month and hiring for manufacturin


As college graduation season fast approaches, new grads find themselves heading into one of the friendliest hiring markets in recent history. “It’s a great time to be graduating,” Andrew Challenger, VP of executive placement firm Challenger, Gray & Christmas, tells CNBC Make It. In April, 27,000 healthcare jobs were added to the market, along with 76,000 professional and business services jobs. Data from BLS shows that retail hiring decreased by 12,000 jobs last month and hiring for manufacturin
April’s jobs report is full of great news for college grads Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-03  Authors: courtney connley
Keywords: news, cnbc, companies, data, chamberlain, job, aprils, grads, report, college, challenger, jobs, months, healthcare, market, recent, great, professional


April's jobs report is full of great news for college grads

As college graduation season fast approaches, new grads find themselves heading into one of the friendliest hiring markets in recent history. In April, 263,000 jobs were added to the economy, putting unemployment at 3.6%, the lowest its been since December 1969. That’s according to the latest report from the Bureau of Labor Statistics, which also showed wages increasing by 3.2% from a year ago. “It’s a great time to be graduating,” Andrew Challenger, VP of executive placement firm Challenger, Gray & Christmas, tells CNBC Make It. “We have historically low unemployment rates and surveys show that American companies plan to hire more graduating college students this year than they did last year. ” Challenger, and Glassdoor chief economist Andrew Chamberlain broke down which industries are showing solid job growth and what skill sets recent grads need to emphasize in order to get hired.

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Industries with the strongest growth

For those on the job hunt, Chamberlain says focusing your attention on jobs in the healthcare and professional and business services industries can really pay off. In April, 27,000 healthcare jobs were added to the market, along with 76,000 professional and business services jobs. With an aging demographic that’s moving from the workforce to retirement, Chamberlain says he thinks healthcare “is one of the best fields for long-term growth for a young college grad today. “And, that doesn’t necessarily mean you have to be a nurse practitioner or a healthcare provider,” he says. “There are data analyst roles, project manager roles and there are also sales-related roles in healthcare. So depending on your skills, there are a lot of different ways you can fit in there.” In the professional and business services industry, Chamberlain says “management and technical consulting is adding the most jobs, along with computer systems design, which is basically tech.” “If you’re coming out as a STEM major,” he says, “getting on a software developer track, or a data scientist track, is a great way to earn premium pay right out of school.” According to Glassdoor, the average base salary for an entry-level data scientist is $109,727 per year and the average base salary for an entry-level software developer is $68,270 per year — pretty nice, when you consider the average $50,004 a year salary recent gradates earned in 2018, according to the National Association of Colleges and Employers (NACE) . On the flip side, Challenger says any recent graduate — or seasoned professional — looking for a new job should steer clear of the retail and manufacturing industries. Data from BLS shows that retail hiring decreased by 12,000 jobs last month and hiring for manufacturing jobs has slowed drastically. In April, manufacturing added a mere 4,000 jobs to the market, whereas in the 12 months prior to February the industry was adding an average of 22,000 jobs per month.

Twenty20

Skills to emphasize

Chamberlain says that any recent graduate who is looking to get hired should play up on their ability to work with data. He says that regardless of what industry you’re working in, “anyone who is able to help businesses turn their data into information will find a really good job market no matter where they go.” “That’s a main problem many companies face today,” he says. “They have a lot of data and they don’t know what to do with it.” Additionally, Chamberlain says, companies are looking for people who can “pop in as a consultant and help solve problems. Or, be able to be a storyteller to help the company run better.” “I think those are the factors that will set you up for very long-term growth,” he says. Aside from those skills, Challenger says that any recent grad with a STEM degree will have “skill sets that are in really high demand” in today’s market.

10 years ago this month

In April 2009, 539,000 jobs disappeared from the market, reports The New York Times. That put unemployment at 8.9% —the highest level it had been in a quarter century. And April’s numbers were actually less severe than previous months. “The most intense spate of weakness is probably behind us,” Michael T. Darda, chief economist at the research and trading firm MKM Partners, told The New York Times in 2009. “Less bad is always a prelude to good. It’s going to take some time for this economy to get back on its feet, but we might be closer to the recession ending.” By contrast, today’s labor market has shown consistent gains for over 100 months. “We’re getting very close to being in the longest economic expansion in U.S. history,” says Chamberlain. “If the economy continues growing through June, we will have 120 months since the end of the last recession.” Like this story? Subscribe to CNBC Make It on YouTube! Don’t miss: March jobs report: Hiring growth and more jobs added in high-paying industries


Company: cnbc, Activity: cnbc, Date: 2019-05-03  Authors: courtney connley
Keywords: news, cnbc, companies, data, chamberlain, job, aprils, grads, report, college, challenger, jobs, months, healthcare, market, recent, great, professional


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More Americans are likely to oppose Trump in the 2020 elections because of his handling of health care, poll says

While 23% of those polled said Trump’s stance on health care would compel them to vote for his reelection, 40% said they likely will not support him next year because of it. Of the remaining voters, 33% said health care is not a factor in who they’ll vote for, while 5% said they had no opinion on Trump’s handling of health care. More Americans say they are likely to oppose rather than support President Donald Trump in the 2020 presidential elections because of his handling of health care, accord


While 23% of those polled said Trump’s stance on health care would compel them to vote for his reelection, 40% said they likely will not support him next year because of it. Of the remaining voters, 33% said health care is not a factor in who they’ll vote for, while 5% said they had no opinion on Trump’s handling of health care. More Americans say they are likely to oppose rather than support President Donald Trump in the 2020 presidential elections because of his handling of health care, accord
More Americans are likely to oppose Trump in the 2020 elections because of his handling of health care, poll says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-29  Authors: ashley turner
Keywords: news, cnbc, companies, popular, hudak, trump, oppose, likely, 2020, poll, republicans, americans, trumps, healthcare, health, handling, obamacare, elections, president, care


More Americans are likely to oppose Trump in the 2020 elections because of his handling of health care, poll says

US President Donald Trump arrives to board Air Force One at Joint Base Andrews in Maryland on April 26, 2019.

It’s not surprising that health care has become a top priority for voters, because the last few years have been “tumultuous” for the health-care system, said Rachel Nuzum, vice president for the Federal and State Health Policy initiative at The Commonwealth Fund.

While 23% of those polled said Trump’s stance on health care would compel them to vote for his reelection, 40% said they likely will not support him next year because of it. Of the remaining voters, 33% said health care is not a factor in who they’ll vote for, while 5% said they had no opinion on Trump’s handling of health care.

More Americans say they are likely to oppose rather than support President Donald Trump in the 2020 presidential elections because of his handling of health care, according to a new ABC/Washington Post poll .

“Americans need certainty when it comes to their health care,” Nuzum said. And Trump’s call to upend the health-care system “creates a lot of uncertainty,” she added.

Trump and congressional Republicans have vowed to repeal the Affordable Care Act, or Obamacare, pledging to deliver on one of Trump’s main campaign promises. Despite Trump’s assertion that Republicans will become “The Party of Healthcare,” Republicans don’t have another health-care plan in place and are waiting until the GOP regains control of the House of Representatives to unveil a replacement proposal. Republicans currently hold control of the Senate but lost the majority of the House in the 2018 midterm elections.

Lawmakers on both sides of the aisle widely believe the Republican-led Senate’s attempt to repeal Obamacare in 2017 led to the Democrats’ House victory.

Trump’s effort to repeal Obamacare without a better proposal in place is a “very risky political proposition,” according to John Hudak, a senior fellow and deputy director at the Brookings Institution’s Center for Effective Public Management.

Hudak said Obamacare’s individual provisions — such as Medicaid expansion, protecting preexisting conditions and allowing children to stay on their parents’ insurance plans until they are 26 years old — are “wildly popular” with voters.

“These are all issues that are not just more popular than the president, they’re more popular than a lot of other issues in America,” Hudak said.

But Obamacare is in jeopardy once again, after the Trump administration supported a lawsuit questioning the health-care law’s constitutionality.

In December, U.S. District Judge Reed O’Connor of Texas said that without a rule that requires Americans to have health insurance or face a tax penalty, Obamacare cannot stand. The Trump administration reduced the tax penalty — called the individual mandate — to $0 in the 2017 Tax Cuts and Jobs Act.

Now O’Connor’s ruling, which is backed by the Justice Department, awaits deliberation in the U.S. Court of Appeals for the 5th Circuit, though experts and even some top Republicans have said it’s unlikely the law will be overturned.

Though some believe Obamacare is safe from a negative ruling from the Supreme Court, Hudak said Trump’s attacks on Obamacare, which has become popular with many citizens despite failing to reduce health-care costs, can hurt his relationship with swing voters.

“Threatening to take away tens of millions of people’s health care is not a great recipe for growing his political coalition,” Hudak said.


Company: cnbc, Activity: cnbc, Date: 2019-04-29  Authors: ashley turner
Keywords: news, cnbc, companies, popular, hudak, trump, oppose, likely, 2020, poll, republicans, americans, trumps, healthcare, health, handling, obamacare, elections, president, care


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Health-care stocks could rebound after their worst week of the year

That comment sent UnitedHealth shares down 4% and the health-care sector down 2%. Biogen, Cigna and Abiomed are the worst-performing stocks in the sector, falling at least 20%. This is not the first time health-care related stocks have taken a beating amid worries leading up to a presidential election. Ogg added the current pullback in health care “probably won’t last because, at some point, earnings will overtake fears. But I do think we’ll hear a lot of health care bashing.”


That comment sent UnitedHealth shares down 4% and the health-care sector down 2%. Biogen, Cigna and Abiomed are the worst-performing stocks in the sector, falling at least 20%. This is not the first time health-care related stocks have taken a beating amid worries leading up to a presidential election. Ogg added the current pullback in health care “probably won’t last because, at some point, earnings will overtake fears. But I do think we’ll hear a lot of health care bashing.”
Health-care stocks could rebound after their worst week of the year Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-22  Authors: fred imbert, justin sullivan, getty images
Keywords: news, cnbc, companies, worstperforming, stocks, healthcare, worst, town, health, trading, rebound, unitedhealth, week, care, sector, sanders


Health-care stocks could rebound after their worst week of the year

Health care stocks under pressure, but one could be on the mend 3 Hours Ago | 03:48

“Because this latest move was largely caused by political hot air (so to speak) and not something structural within the sector, I think we could see a bounce back in some of these names,” Thrasher said in a note to clients. “I believe the stocks have been over-extended to the downside.”

The move down began Tuesday after presidential hopeful Sen. Bernie Sanders received a positive response to his “Medicare for All” plan at a town hall organized by Fox News.

“What we’re talking about is stability. That when you have a Medicare for all, it is there now and it will be there in the future,” Sanders said at the town hall, which aired last Monday. The plan creates a single-payer health-care system run by the government, which Sanders argues would be more affordable for consumers.

Worries increased after UnitedHealth CEO David Wichmann warned Tuesday that such policies would “destabilize the nation’s health system.” That comment sent UnitedHealth shares down 4% and the health-care sector down 2%.

Health care is by far the worst-performing sector this year. It is down 1.2% in 2019 and is the only one trading in negative territory. By comparison, utilities is the second-worst performer of 2019 and it is up about 8%.

The group was down fractionally in afternoon trading Monday.

Biogen, Cigna and Abiomed are the worst-performing stocks in the sector, falling at least 20%. CVS Health is also down nearly 20% year to date.

This is not the first time health-care related stocks have taken a beating amid worries leading up to a presidential election. The iShares Nasdaq Biotechnology ETF (IBB) came under sharp pressure in 2015 after former Secretary of State Hillary Clinton — then the favorite to win the 2016 election — tweeted against drug-price gouging, calling it “outrageous.”

The ETF later recovered some of those losses to end the year up more than 11%.

“Ever since Obamacare, it’s been tough on these stocks pre-election season because they make the drug companies out to be the bad guys,” said Maris Ogg, president at Tower Bridge Advisors. Ogg added the current pullback in health care “probably won’t last because, at some point, earnings will overtake fears. But I do think we’ll hear a lot of health care bashing.”


Company: cnbc, Activity: cnbc, Date: 2019-04-22  Authors: fred imbert, justin sullivan, getty images
Keywords: news, cnbc, companies, worstperforming, stocks, healthcare, worst, town, health, trading, rebound, unitedhealth, week, care, sector, sanders


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These 2 health-care giants could take down the ETFs in their sector, says investor

Health care stocks are the worst performing sector, here are the ETFs to watch 4 Hours Ago | 02:26Health care just caught a cold. The Health Care Select Sector SPDR Fund, an exchange-traded fund tracking 62 major health-care companies, has shed more than 2% in the last month. “Value’s a little bit out of favor today, so that’s another reason why the big health-care stocks aren’t doing as well.” “If you look at the big health-care ETFs, what are the two biggest stocks in there? So, if you’re on t


Health care stocks are the worst performing sector, here are the ETFs to watch 4 Hours Ago | 02:26Health care just caught a cold. The Health Care Select Sector SPDR Fund, an exchange-traded fund tracking 62 major health-care companies, has shed more than 2% in the last month. “Value’s a little bit out of favor today, so that’s another reason why the big health-care stocks aren’t doing as well.” “If you look at the big health-care ETFs, what are the two biggest stocks in there? So, if you’re on t
These 2 health-care giants could take down the ETFs in their sector, says investor Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-15  Authors: lizzy gurdus
Keywords: news, cnbc, companies, healthcare, care, giants, investor, youve, etfs, big, health, stocks, wiener, etf, sector


These 2 health-care giants could take down the ETFs in their sector, says investor

Health care stocks are the worst performing sector, here are the ETFs to watch 4 Hours Ago | 02:26

Health care just caught a cold.

The Health Care Select Sector SPDR Fund, an exchange-traded fund tracking 62 major health-care companies, has shed more than 2% in the last month. The iShares U.S. Healthcare Providers ETF, a similar fund tracking 47 health-care providers, has lost about 5%.

Uncertainty around the fate of the Affordable Care Act, more commonly known as Obamacare, and rising drug prices, has weighed on the group in recent weeks. The downward moves have left health care as the only market sector still in the red, and the worst-performing one in the last month, after a banner year as 2018’s best-performing sector.

Tom Lydon, editor and proprietor of ETFTrends.com, told CNBC’s “ETF Edge” on Monday that the weakness could also be tied to a change in investors’ priorities.

“In Q4 of last year, we saw big declines in the stock market, but health care buoyed because of [its] value,” Lydon said. “Value’s a little bit out of favor today, so that’s another reason why the big health-care stocks aren’t doing as well.”

But Dan Wiener, chairman of Adviser Investments, sees something bigger at play.

“You have to remember health care is an enormous part of this economy. We’re talking about close to 20% of the economy,” Wiener told CNBC in the same “ETF Edge” interview. “You’ve got the biotechs. You’ve got the health-care providers. You’ve got the pharma. You’ve got the device companies.”

Most broad-based health-care ETFs have all of those categories in their holdings, Wiener noted. However, two of those holdings far outweigh the rest.

“[Tuesday] morning, we’re going to get [Johnson & Johnson] earnings,” Wiener said. “If you look at the big health-care ETFs, what are the two biggest stocks in there? J&J and Pfizer. And we’re not talking about 5% positions. Between the two of them, we’re talking 15%. Those are big. I mean, if J&J and Pfizer don’t have a good day, the whole sector disappears on the ETF side.”

That could prove disastrous for the sector’s various ETFs, but there’s no harm in getting more granular, Lydon said.

“It’s kind of been the tale of two cities” with “conventional health-care” companies and the biotechnology names, he noted, with traditional health-care stocks tacking on only mid-single-digit gains year to date, but some biotech stocks up north of 20%.

So, if you’re on the hunt for health-care stocks, be sure you know where to look.


Company: cnbc, Activity: cnbc, Date: 2019-04-15  Authors: lizzy gurdus
Keywords: news, cnbc, companies, healthcare, care, giants, investor, youve, etfs, big, health, stocks, wiener, etf, sector


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