Healthcare stocks take hit along with broader market

Healthcare stocks have dropped alongside another swoon in the broader market, pouring water on the notion that the industry is a safe place to hide when the economy heads south. Many areas within healthcare are traditionally viewed as economically insulated, and indexes tracking big pharmaceutical and medical-technology companies have declined less precipitously this year than other indexes. But concerns about the harmful impact from higher out-of-pocket patient expenses, or the push toward generic drugs, are taking a toll.