周三早盘，专注于医疗补助计划（Medicaid）的美国健康保险公司和医院运营商的股价上涨，因民主党在中期选举中横扫参议院和众议院，提振了市场对有利于该行业的政策变化的希望。
Shares of Medicaid-focused US health insurers and hospital operators rose in early trading on Wednesday as Democrats' sweep of the Senate and House of Representatives in the midterm elections fueled hopes of sector-friendly policy changes.
Centene股价（CNC.N）上涨超过8%，至73.12美元；Elevance Health上涨约3%，至4美元；Molina Healthcare（MOH.N）上涨约6%，至220.99美元。医院类股票，如HCA Healthcare（HCA.N）、Tenet Healthcare（THC.N）和Universal Health Services（UHS.N），上涨了6%至8%。
Centene shares (CNC.N) climbed over 8% to $73.12, Elevance Health about 3% to $4 and Molina Healthcare (MOH.N) about 6% to $220.99. Hospital stocks, such as HCA Healthcare (HCA.N), Tenet Healthcare (THC.N) and Universal Health Services (UHS.N) gained between 6% and 8%.
分析师表示，民主党的胜利可能会推迟唐纳德·特朗普总统“一项大而美的法案”（OBBBA）部分内容的实施，这些内容预计将减少医疗补助计划的参保人数并限制某些州医疗支付，从而减轻医疗补助计划和《平价医疗法案》保险公司及医院运营商面临的压力。
Analysts said the Democratic win could delay implementation of parts of President Donald Trump's One Big Beautiful Bill (OBBBA) that are expected to reduce Medicaid enrollment and constrain certain state healthcare payments, easing pressure on Medicaid and Affordable Care Act insurers and hospital operators.
他们还表示，选举结果可能会改善延长强化补贴的前景，从而支撑《平价医疗法案》计划的参保人数。
They also said the election outcome could improve the prospects for extending enhanced subsidies, supporting enrollment in the Affordable Care Act plans.
《平价医疗法案》由总统巴拉克·奥巴马创设，常被称为“奥巴马医改”，根据收入提供补贴。新冠时期强化保费税收抵免在今年年初到期，导致成本急剧上升，致使数百万人退出。
The Affordable Care Act, created by President Barack Obama and often called Obamacare, offers subsidies based on income. Expiration of enhanced COVID-era premium tax credits at the beginning of the year contributed to sharp cost increases, causing millions to drop out.
伯恩斯坦分析师表示，对医院而言，OBBBA条款的推迟可能会缓解预期的参保人数流失，并补充称，计划中对州定向支付的削减可能会被推迟并最终避免。
For hospitals, delays to OBBBA provisions could ease expected enrollment losses, Bernstein analysts said, adding that planned cuts to state-directed payments could be delayed and ultimately avoided.
然而，摩根大通分析师表示，任何重大的医疗政策变化仍不太可能发生，因为特朗普否决民主党法案的权力很可能导致立法僵局，而非全面改革。
J.P. Morgan analysts, however, said that any major healthcare policy changes remain unlikely, as Trump's power to veto Democratic bills would likely lead to legislative gridlock than sweeping reforms.
与此同时，杰富瑞分析师指出，特朗普的言论暗示愿意与民主党控制的国会合作，“为民主党的一些立法行动/议程得以实现打开了大门”。
Meanwhile, Jefferies analysts noted that Trump's comments signaling a willingness to work with a Democratic-controlled Congress "opens the door to some of the Democrats' legislative actions/agenda coming to fruition".
计入当日涨幅，Centene股价今年以来累计上涨约64%，Elevance和Molina的股价分别上涨约18%和20%。在医院运营商中，Universal Health Services今年以来下跌约13%，而Tenet Healthcare和HCA分别上涨约41%和6%。
Including session gains, Centene shares were up about 64% year-to-date, and those of Elevance and Molina gained about 18% and 20%, respectively. Among hospital operators, Universal Health Services was down about 13% so far this year, while Tenet Healthcare and HCA were up about 41% and 6%, respectively.