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Follow Up: Red Hat | Follow Up: Foot Locker | Review | Preview Cigna shares could extend their run following the release of the Republicans’ Senate health plan on Thursday. Although passage in the Senate is far from certain, the overhaul of the Affordable Care Act would help Cigna (CI) and other health insurers by removing a $14 billion tax in 2018 unrelated to any broad corporate tax cuts. It also loosens Obamacare requirements on how much insurers must spend on health care as opposed to administrative costs.
To ensure passage, Mitch McConnell will have to navigate a treacherous obstacle while the clock is ticking.