Healthcare ETFs Deteriorate on Congress’ Threats to Drug Prices

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Healthcare sector-specific ETFs took a blow Friday after the U.S. Congress threatened legislative action on rising costs of prescription drugs and the Trump administration challenged former President Barack Obama’s Affordable Care Act. Among the worst performing non-leveraged ETFs of Friday, the iShares U.S. Healthcare Providers ETF (NYSEArca: IHF) decreased 3.0%. Meanwhile, the more widely observed [...]

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