Biden-Harris Administration Proposes Rule To Expand Coverage Of Affordable Contraception Under The Affordable Care Act
Portfolio Pulse from Benzinga Newsdesk
The Biden-Harris Administration has proposed a rule to expand contraception coverage under the Affordable Care Act, allowing 52 million women to access over-the-counter contraception without cost sharing. This move aims to strengthen reproductive rights and access to contraception amidst ongoing political challenges.
October 21, 2024 | 2:26 pm
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NEUTRAL IMPACT
The proposed rule to expand contraception coverage under the ACA may have a broader impact on the healthcare sector, potentially influencing the SPDR S&P 500 ETF Trust (SPY) as healthcare companies adjust to regulatory changes.
While the proposed rule primarily affects healthcare companies, the broader market impact on SPY is less direct. However, changes in healthcare regulations can influence the performance of healthcare stocks within the ETF.
CONFIDENCE 70
IMPORTANCE 40
RELEVANCE 30
POSITIVE IMPACT
Progyny, a fertility benefits management company, may see increased demand for its services as the Biden-Harris Administration proposes expanded contraception coverage under the ACA, potentially benefiting from heightened focus on reproductive health.
Progyny specializes in fertility and reproductive health services. The proposed rule to expand contraception coverage aligns with Progyny's business model, potentially increasing demand for its services as more women access reproductive health benefits.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70