RBC Capital analyst Frank Morgan said he has been fielding an increasing number of in-bound calls on eHealth, whose shares are down nearly 50% in the last two months despite a lack of "any fundamental news." He thinks the selloff can be attributed to uncertainties around the election and Medicare-For-All rhetoric, as well as rotation out of momentum and high-growth names. He is hearing "concern and confusion" over policy churn and the impact on eHealth's constrained lifetime value metric, though Morgan said these are not new issues and he contends that "policy churn itself is not a bad thing." Along with the company's Q3 earnings release, which has been confirmed for Oct. 24, Morgan expects an update on performance to date for the 2020 annual enrollment period that starts on Oct. 15, which he thinks could lead to a turn in the stock. Morgan keeps an Outperform rating on eHealth shares.