Healthcare Stocks Rally on White House Proposal for Obamacare Subsidies Extension

Several stocks, including Integra LifeSciences, Evolent Health, Incyte, iRhythm, and Clover Health, have traded up after a report revealed the White House plans to pitch a two-year extension of Obamacare subsidies. This extension would secure a key revenue stream for these companies and support sustained enrollment in the Affordable Care Act marketplace. The proposal would extend subsidies set to expire at the end of the year, with new eligibility limits for individuals with incomes up to 700% of the federal poverty line.