President Biden To Crack Down On 'Junk' Health Insurance
Portfolio Pulse from Benzinga Newsdesk
President Biden is planning to crack down on 'junk' health insurance policies, according to Reuters. The move could potentially impact the health insurance industry and related ETFs.
July 06, 2023 | 5:54 pm
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NEGATIVE IMPACT
The crackdown on 'junk' health insurance policies by President Biden could potentially impact the health insurance sector and thus the SPY ETF, which includes health insurance companies.
The SPY ETF includes health insurance companies. Therefore, any regulatory changes affecting the health insurance industry could potentially impact the performance of these companies and thus the ETF.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75