Traders weigh health care stocks after GOP presents repeal plan for Obamacare

The "Fast Money" traders weighed health care stocks asHouse Republicans touted their plan to repeal and replace the Affordable Care Act.

Earlier Tuesday, PresidentDonald Trump tweeted that he will bring drug prices "way down."

Trader Guy Adami said he does not think Trump will fulfill his promise to combat pricing. Adami said he likes the iShares Nasdaq Biotech ETF and will buy shares on its weakness. The ETF ended the session more than percent lower following Trump's tweet.

Trader Dan Nathan disagreed, saying he sees failure in the biotech ETF and expects it to continue to go down.

Trade Tim Seymour said he likes UnitedHealth. He said the insurer is growing globally and has protected its profit margins from possible changed in the sector.

Adami also mentioned Johnson & Johnson as a safe haven stock in the sector because of its diversified business of consumer goods and pharmaceuticals.

Disclosures:

Guy Adami is long CELG, EXAS, GDX, INTC. Adami's wife, Linda Snow, works at Merck.

Karen is long AAL, BAC, BAC short calls, C, DAL, FB, FL, GLMP,, GOGO, GOOG, GOOGL, JPM, URI, LYV, KORS, KORS calls, KORS puts, MA, SEDG, SPY puts, TACO, WIFI long call spreads. Her firm is long ANTM, BAC, C, C calls, FB, GOOG, GOOGL, JPM, JPM calls, KORS, LYV, PLCE, SPY puts, WIFI, her firm is short IWM, MDY. Karen Finerman is on the board of GrafTech International.

Dan Nathan is long SPY May put spread, VIX long March call spread, JNJ long APR puts, Dan Nathan is long SPY May put spread, VIX long March call spread, JNJ long APR puts, XLV long APR/June put spread

Tim Seymour is long ABX, AAPL, APC, AVP, BAC, BBRY, C, CLF, CVX, DO, DVYE, EDC, EWN, EWZ, F, FB, FCX, FXI, GM, GOOGL, GE, INTC, LQD, MOS, MCD, MUR, OIH, PG, RACE, RAI, RH, RL, SINA, SQ,T, TWTR, VALE, VZ, XOM. short: EEM, SPY, XRT; Tim's firm is long ABX, BABA, BIDU, CBD, CLF, EEM, EWZ, F, KO, MCD, MPEL, NKE, PEP, PF, TCEHY, SAVE, SBUX, SINA, VALE, VIAB, WMT, WEN, X, YHOO, short EWG, HYG, IWM