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Health stocks crumble as fears of 'Medicare for All' snowball

By Bloomberg  
   April 17, 2019

Politics can be an ugly business. Health-care politics, especially so. Health-care companies that get mixed up in politics? That was $28 billion worth of ugly on Tuesday, and the stock market damage continued on Wednesday. “Presidential primary politics,” said Evercore ISI analyst Michael Newshel, are “more in focus than fundamentals.”

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