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Did GOP Wins Derail Health Care Reform?

Aetna, UnitedHealthcare and the health care sector overall jumped Wednesday on a growing belief that the Obama administration's health care reforms may be slowed after Republicans scored key election wins.

With independents flocking to the GOP Tuesday, House Democrats in competitive districts will likely think twice about Obama's agenda.

In fact, Senate Majority Leader Harry Reid, D-Nev., told reporters that he couldn't promise a health care package will pass this year.

"We're not going to be bound by any timelines," Reid said. "We're going to do this legislation as expeditiously as we can, but we're going to do it as fairly as we can."

What’s the trade?

I don’t know that the uncertainty in this space has been removed, muses Joe Terranova. I wouldn’t say the election was any kind of mandate.

In fact it could mean that Dems have to come back harder, adds Tim Seymour. I would not place long bets based on the election.

Right now rhetoric is at its best for these stocks, so I’d be a seller of health insurance names on the news, counsels Guy Adami. If something comes out to suggest reform is back on track shares should fall.


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Trader disclosure: On November 4th, 2009, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Adami Owns (AGU), (BTU), (C), (GS), (INTC), (MSFT), (NUE); Najarian Owns (CSCO), Is Short (CSCO) Calls; Najarian Owns (GE) Calls; Najarian Owns (RIMM) Call Spread; Najarian Owns (UUP) Calls; Najarian Owns (YHOO), (YHOO) Puts; Najarian Owns (TXN); Terranova Owns (GS), (RIMM), (CAM), (MA), (OIH); Terranova Owns December Gold Futures; Seygem Asset Management Owns (BSBR)

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