|TOM MURPHY, AP Business Writer|
Health insurance stocks sank deeper than the broader market Wednesday after President
The overhaul aims to cover millions of uninsured people. While that means new business for insurers, the law also imposes fees and coverage restrictions on the sector.
Starting in 2014, insurers will have to pay annual fees that total
It also stipulates, among other things, that insurers spend certain percentages of the premiums they collect on care, or pay rebates to customers.
Investors also worry about online exchanges that will be set up as part of the overhaul to help people compare and buy insurance policies. Morningstar analyst
The overhaul also cuts funding for
Shares of WellPoint fell nearly 5 percent, or
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