The S&P 500 Index got a boost today from the healthcare sector. The results from the mid-term election -- with the House of Representatives being taken back by the Democrats -- almost certainly removes all risk of an Obamacare repeal and lowers the risk of any major legislative changes. The S&P Managed Care Index arguably rose to record highs as a result. Also, some states - Idaho, Utah, and Nebraska - voted to expand Medicaid, giving a boost to health-related stocks as well.
UnitedHealth, the largest U.S. health insurer, is gaining on the day as is Anthem.