- Associated Press -
Shortly after 1 a.m. on Monday, 60 senators voted to shut down a threatened Republican filibuster on a health care reform bill. The Senate bill would make health insurance mandatory for nearly everyone, covering 30 million currently uninsured Americans. A final vote in the Senate is expected by
The House passed health-care legislation in November. The two bills must still be merged into one before President
The Senate bill does not contain a provision for a government-run insurance plan, which managed-care companies have contested. The House bill, however, does include that option.
Investors have been worried for months that a public option would provide unfair competition to private insurers in part because it would receive government financial backing and could set reimbursement at artificially low levels.
On Monday, a
"The ultimate passage of health care reform, expected early next year, will serve as a positive catalyst for the managed care universe," said Gregory Nersessian in a note to investors.
He raised his price targets on
Wellcare also rose $1.47, or 4 percent, to $38.41;