** Shares of some health insurers rise and set to notch weekly gains, bucking selloff in global equities as trade war worries escalate .N
** The U.S. Senate on Thurs confirmed Dr. Mehmet Oz, celebrity TV physician nominated by President Donald Trump, as Administrator for the Centers for Medicare and Medicaid Services
** CMS runs Medicare, the federal health insurance program for people aged 65 or older and the disabled and oversees Medicaid, the state-based health insurance program for low-income people, which is jointly funded by states and the federal government
** Oz has been a vocal proponent of Medicare Advantage and promoted it on his syndicated TV show, which aired from 2009 to 2022
** Shares of UnitedHealth UNH.N up 0.7% on Fri, following >3% advance on Thurs, on track for weekly advance >5%
** Molina Healthcare MOH.N and Centene CNC.N both off ~1% on the session, but on course to finish week up ~8% and ~6%, respectively
** Shares of Humana HUM.N edges up on Fri and heading for fractional weekly gain, while CVS Health CVS.N slides ~3% on the session and down 2% this week
** With moves on Fri, UNH up ~8%, MOH up ~20%, CNC up ~5%, HUM up 5%, CVS up 46%
(Lance Tupper is a Reuters market analyst. The views expressed are his own)
((lance.tupper@tr.com 1-646-279-6380))
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