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A sick rally, so to speak, for hospital stocks
Bloomberg BusinessWeek, June 29, 2012
It is telling that shares of hospital companies are simultaneously up big—making them the biggest immediate beneficiary of the ruling, next to, perhaps, the Foggy Bottom liquor store that supplies celebratory kegs to the White House. The upheld healthcare law is expected to insure millions of patients who otherwise would have entered hospitals without having any coverage. All of which means potentially far less hassle getting paid if you're a large hospital chain like HCA Holdings (HCA) and Tenet Healthcare (THC): Their shares shot up 10 percent and 7 percent, respectively.
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