The KUIK Closing Market Report for Thursday, June 22:
Markets ended mixed.
Index
Direction
Change
Units
Index
Time
Change
Dow
Down
13
points
21,397
7:06 AM
S&P500
Down
1
points
2,434
0.05
Nasdaq Composite
Down
3
percent
6,237
(5.67)
30 Year Treasury
Unchanged
–
basis points
2.72
Annual Yield
The Senate unveiled its plan to repeal and replace ObamaCare on Thursday, a bill that would cut Medicaid, eliminate penalties for people who don’t buy insurance and cut tax hikes enacted to pay for the Affordable Healthcare Act’s expanded care. Major provisions include: Allow states to waive requirements that insurers offer Essential Health Benefits. Require insurers to let parents maintain coverage for their children until age 26. Retain Cost Sharing Reduction payments to insurers. Cut funding to Planned Parenthood. Phase out the Medicaid expansion over three years. Keep ObamaCare tax credits for patients to buy insurance, targeting seniors and low-income people for two years.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
