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The stock prices of many publicly traded health care companies soared in the aftermath of Trumpcare's death, while the rest of the market lagged behind. Hospitals and Medicaid-based health insurers fared the best, since the GOP plan would have increased the number of uninsured people and scaled back the Medicaid expansion.

Expand chart
Data: Money.net; Chart: Andrew Witherspoon / Axios

The biggest winners: Hospital companies Community Health Systems, HCA and Tenet Healthcare all gained at least 6% since last Friday's market open. Centene and Molina Healthcare, two of the largest Medicaid insurers in the country, each jumped 7% since last Friday.

Meh for the rest: Investors sold off or didn't touch the stocks of pharmaceutical companies, medical device makers and the big health insurers. Humana's stock price tumbled 3%. Corporate tax reform would greatly benefit those health care sectors, especially insurers, since all of their profits are earned in the United States. But that looks increasingly unlikely now that health care reform has failed.

Go deeper

Updated 2 hours ago - Politics & Policy

Key government agency says Biden transition can formally begin

General Services Administrator Emily Murphy. Photo: Alex Edelman/CNP/Getty Images

General Services Administrator Emily Murphy said in a letter to President-elect Joe Biden on Monday that she has determined the transition from the Trump administration can formally begin.

Why it matters: Murphy, a Trump appointee, had come under fire for delaying the so-called "ascertainment" and withholding the funds and information needed for the transition to begin while Trump's legal challenges played out.

Updated 3 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Vaccines: Key information about the effective COVID-19 vaccines — Oxford and AstraZeneca's vaccine won't just go to rich countries.
  2. Health: U.S. coronavirus hospitalizations keep breaking recordsWhy we're numb to 250,000 deaths.
  3. World: England to impose stricter regional systemU.S. hotspots far outpacing Europe's — Portugal to ban domestic travel for national holidays.
  4. Economy: The biggest pandemic labor market drags.
  5. Sports: Coronavirus precautions leave college basketball schedule in flux.

Michigan board certifies Biden's win

Poll workers count absentee ballots in Detroit, Michigan on Nov. 4. Photo: Salwan Georges/The Washington Post via Getty Images

The Michigan Board of State Canvassers certified the state's election results on Monday, making President-elect Joe Biden's win there official and granting him the state's 16 electoral votes.

Why it matters: Republican Party leaders had unsuccessfully appealed to delay the official certification, amid the Trump campaign's failed legal challenges in key swing states.