Big blow to health care as Trump calls for changes in the way of providing health insurance to Americans; shares of Centene, HCA Healthcare and Molina Healthcare tumble heavily, check share price and what did Trump say

As US President Donald Trump called on Congress to make a change in the way the federal government helps Americans pay for health insurance, shares of health insurers tumbled. Following Trump’s suggestion that federal health care money should circumvent insurers and go directly to people, Centene (CNC), HCA Healthcare (HCA) and Molina Healthcare (MOH) are among the worst-performing stocks in the S&P 500 on Monday.

How shares of three healthcare companies performed

Centene Corporation shares dropped sharply on Monday, falling 8.81% to close at $34.25. The healthcare insurer saw a modest recovery in after-hours trading, inching 0.06% higher to $34.27 as of 10:18 PM EST.


HCA Healthcare Inc shares fell 3.63% to close at $459.30 on Monday, marking a sharp pullback for the hospital operator. In after-hours trading, the stock ticked up 0.15% to $460.00 as of 7:37 p.m. EST, with a modest trading volume of 30.74K shares.

Molina Healthcare, Inc. (NYSE: MOH) shares slumped 7.34% to close at $140.90 on Monday, extending recent weakness in the managed-care sector. The stock edged down another 0.40% to $140.34 in overnight trading as of 10:33 PM EST. Shares of United Health Group (UNH), Cigna Group (CI) and other health insurers fell as well.

What did Trump say

In a post on his social media platform Truth Social, the US President said recommended the Senate and House change funding covered by the Affordable Care Act (ACA), or Obamacare, so that it “BE SENT DIRECTLY TO THE PEOPLE SO THAT THEY CAN PURCHASE THEIR OWN, MUCH BETTER, HEALTHCARE, and have money left over.”

ALSO READ: S&P 500, Dow Jones, and Nasdaq futures flat after big gains from AI companies boost Wall Street; here’s how key indices performed

Trump lashed out at the insurance companies and dubbed them “money sucking” and said the US should “take from the BIG, BAD Insurance Companies, give it to the people, and terminate, per Dollar spent, the worst Healthcare anywhere in the World, ObamaCare.”

$138 billion subsidies to insurance companies

According to Investopedia, the Washington think tank Committee for a Responsible Federal Budget earlier in November 2025 gave an estimate that the subsidies paid to insurance companies in 2025 have a gross cost to the federal government of $138 billion, up from $53 billion in 2020.