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Bob Herman Jan 23, 2017
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Health care stocks fall after Obamacare executive order

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Data: Yahoo Finance; Chart: Lazaro Gamio / Axios

President Trump's executive order on Obamacare has already had a business impact: Stocks of publicly traded hospital and health insurance companies traded down once the markets opened Monday.

Although the executive order didn't alter any laws and mostly renewed the well-known animosity Republicans have for Obamacare, investors were spooked at the prospect of important provisions getting tossed out in a repeal. The order specifically called on federal agencies to ease any regulations viewed as harmful, such as the individual mandate.

Many of the stocks recovered slightly by the time the markets closed Monday — but not insurers and hospitals that have the most on the line if the law is repealed.