A Supreme Court Bump

A Supreme Court Bump The healthcare sector was the day's second-best gainer behind technology, boosted by the Supreme Court's  7-2 decision today to uphold Obamacare. My colleague Daren Fonda notes that managed-care stocks Centene and Molina Healthcare were winners from the ruling. Centene and Molina both run Medicaid plans across the country. The stocks finished the day up 2.3% and 2.7%, respectively.  But while the future of Obamacare looks more certain today, Centene and Molina continue to face unknowns around Medicaid. Here's more from Daren:  Expanding Medicaid, a cornerstone of Obamacare, remains a state-by-state battle. North Carolina, for example, is shifting two-thirds of residents to Medicaid plans managed by Centene and other insurers this summer. But other states are resisting: Oklahoma’s Supreme Court recently rejected commercial Medicaid plans for its state. More generally, healthcare stocks are still dealing with the fallout of the pandemic.  Other managed-care companies were trading flat to down. Private insurers are bracing for a new wave of claims for elective procedures and other health care as the pandemic winds down. And claims related to Covid-19 may persist longer than anticipated, partly because people who tested positive are reporting new health problems. You can read the rest of Daren's story here.