Health insurance stocks rebounded Friday after Anthem and Aetna reaffirmed their earnings forecasts, and sought to reassure investors and consumers that they remained committed to Obamacare exchange markets.
While smaller rivals also said they weren't experiencing the kind of difficulties which prompted the nation's largest insurer, UnitedHealth Group, to cut its guidance Thursday, due to losses on Affordable Care Act plans.
The health insurer sector rose nearly 3 percent Friday, with Aetna shares climbing 4.5 percent and Anthem gaining 2.7 percent.
Anthem's president and CEO, Joseph Swedish, issued a statement saying the insurer was looking to improve the dynamics of the exchange market, in the wake of United's threat to exit the exchanges in 2017.
"As a leader during this time of unprecedented transformation in health care, Anthem remains committed to enhancing access to high-quality, affordable health care for all of our members inside and outside of the insurance exchanges, and continuing our dialogue with policymakers and regulators regarding how we can improve the stability of the individual market," Swedish said in a statement.