Wall Street gains on health insurers, S&P near intraday record

Barclay's specialist trader Jason Hardzewicz (L) takes bids on the floor at the New York Stock Exchange, April 2, 2013. REUTERS/Brendan McDermid

Barclay's specialist trader Jason Hardzewicz (L) takes bids on the floor at the New York Stock Exchange, April 2, 2013. REUTERS/Brendan McDermid

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NEW YORK - Stocks rose on Tuesday, pushing the S&P 500 within striking distance of its all-time intraday high, as healthcare stocks surged after a government decision raised prospects of higher profits.

The group gained after the government dropped plans to cut payments for private Medicare Advantage insurers and instead said it would raise them by 3.3 percent.

By Angela Moon
(Reuters) | Tue Apr 2, 2013 1:52pm EDT

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