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Health care stocks fall after Obamacare ruling

Falling
Dylan Martinez Livepic | Reuters

The S&P 500's health care sector fell Thursday after a federal judge ruled the Obama administration is unconstitutionally spending federal money to fund Obamacare.

Shares of UnitedHealth Group and Endo International fell more than half a percent, while Aetna, Cigna, and Humana fell more than 1percent.

The ruling Thursday from U.S. District Judge Rosemary Collyer is a win for House Republicans who brought the politically charged legal challenge.

At stake is $175 billion the government is paying to reimburse health insurers over a decade to reduce co-payments for lower-income people.

— The Associated Press contributed to this report.