Hospital stocks fall after Republican health bill seen leaving 24 million uninsured

[DonViejo]

Source: Reuters



14 MAR 2017 AT 13:05 ET

Shares of hospital stocks were sharply lower in early trading on Tuesday after the U.S. Congressional Budget Office forecast that 14 million Americans would lose medical insurance by next year under a Republican plan to dismantle Obamacare.

Shares of HCA Holdings fell 1.8 percent, Tenet Healthcare fell 4.6 percent, Community Health Systems was down 2.8 percent and LifePoint Health was down 1.9 percent.

The S&P 500 healthcare sector was off 0.16 percent.

“While the CBO’s estimate… is a negative headline for hospitals, we believe that in its current form, the bill’s chances of passing are slim,” Jefferies analyst Brian Tanquilut said in a research note.

Read more: http://www.rawstory.com/2017/03/hospital-stocks-fall-after-republican-health-bill-seen-leaving-24-million-uninsured/

[matt819]

1. Who's shorting hospital stocks? (Nt)

[wordpix]

5. prolly Russian oligarchs & Trumpists

[greatauntoftriplets]

2. That's no surprise.

Hospitals face more ER use as the uninsured flock to the ER in health crises. Just sad that the ER will be their only recourse, and one for which they likely will be unable to pay, forcing the hospital to eat their charges.

[bdamomma]

3. don't the repigs realize that their

actions cause repercussions for everyone concerned. Geez, how the hospitals going to manage???
I hope this bill is DOA in the Senate.

[wordpix]

6. clearly, getting unlimted campaign $, promise of lobbyi$t Big Bucks

after their Congress'l stint is too much bribe $ for them to turn away

[NCjack]

13. Speaker Ryan and his AHCA team lack

the basic knowledge of delivering healthcare and insurance. This fiasco is what happens when DEMs withhold their cooperation.

[notdarkyet]

4. Gee. Who didn't expect that?

[Kimchijeon]

7. Wow, just great... we all suffer so the tiny few in power can profit nt

[IronLionZion]

8. Those assholes will buy it back when prices are low

knowing that their shitty bill will likely be rejected.

Hopefully it will be rejected. Enough legislators from both parties know it's bad and Trump doesn't want his name on it.

People will always need health care and hospitals. Some future Democratic president and Dem congress will fix this steaming pile of shit.

[Chakaconcarne]

9. The ACA also created 100's of thousands of (high paying) jobs...

Clinics opening everywhere, etc.....

I'm betting most Republicans don't care about individual patients, but I bet they do care about the large institutions' profitability that support these patients.

[DK504]

15. Yep.

When the hospitals really start losing money from the ACA, SHTF. Won't be pretty.

[bucolic_frolic]

10. I've had so many conversations with Republicans about Obamacare

I would always tell them Obamacare was the greatest thing for Republican
healthcare stock portfolios, doctors' incomes, doctors' kids' trust funds,
Big Pharma .... "No, no, NO! You don't know what you're talking about."

Obamacare grew the industry. Sad that so many community hospitals became
for-profit, but that trend was well underway decades before Obamacare.
For-profit medicine brought lots of technology and expertise.

[Bengus81]

11. What's insurance company stock doing about now??

They LOSE 20M customers do you think that would effect the profit sheet??? Nah....Trump told them everyone would just keep ponying up the big bucks. Right......................

The will LOSE me as a customer if this so called healthcare bill is passed. I've had BC BS on my own and then through the marketplace since mid-2011 and have never had a PENNY in claims. Tell me that won't effect their bottom line.

[pansypoo53219]

12. WHY do hospital stocks exist?

oh yeah. medical industrial complex.

[Cryptoad]

14. Part of,,,

the Macro Monopoly game we are playing? U can only win if u get all the MONEY!