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KurtNYC

(14,549 posts)
Thu Jun 28, 2012, 10:43 AM Jun 2012

Hospital stocks sharply higher after health care ruling

Source: Washington Post

Stocks of hospital companies rose sharply Thursday after initial reports said the Supreme Court had upheld the individual insurance requirement in President Barack Obama’s health care overhaul.
...
Stocks of big insurance companies dropped sharply when the ruling came out shortly after 10 a.m. EDT, then climbed back somewhat. They were down about 1 percent, roughly the same as stocks in the broader market.

Stocks of drug companies and medical device makers were also slightly lower.

Read more: http://www.washingtonpost.com/national/hospital-stocks-sharply-higher-after-health-care-ruling/2012/06/28/gJQA01348V_story.html

24 replies = new reply since forum marked as read
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Hospital stocks sharply higher after health care ruling (Original Post) KurtNYC Jun 2012 OP
Annnnnnnnnnd, they're off! slackmaster Jun 2012 #1
A big victory today for health industry corporations. n/t earthside Jun 2012 #2
That's not good. ThatsMyBarack Jun 2012 #3
and if hospitals close down or go under, who does that help? /nt still_one Jun 2012 #7
So that's why Scalia is pissed? And why Koch bros spent millions to destroy Obamacare? emulatorloo Jun 2012 #5
What the big money is fighting for is HOW it is written. KurtNYC Jun 2012 #13
"Imagine if they privatized social security and mandated that we all invest" Leopolds Ghost Jun 2012 #21
Yup. Hell Hath No Fury Jun 2012 #8
"Hospitals" are happy because under the old, private insurance system they were failing! hue Jun 2012 #17
I agree. Lisa D Jun 2012 #18
This says it all Gman Jun 2012 #4
Most of the large caps healthcare are down. Some of the hospital companies are up /nt still_one Jun 2012 #6
My folks talled a Doc a NYU... iandhr Jun 2012 #9
Just the fact that there ARE hospital stocks... Shadowflash Jun 2012 #10
BINGO !!!!! - tying the profit motive to people's health is insane groundloop Jun 2012 #11
Yup. Shadowflash Jun 2012 #12
Fortunately, 2/3 of hospitals are not-for-profit. Of course, it still costs a lot in either, and Hoyt Jun 2012 #19
New headline: Health care fallout: Provider stocks jump, insurers fall andym Jun 2012 #14
Wonder how much HCA Roberts bought in the last 3 months ? KurtNYC Jun 2012 #15
NOT for the reason you're all inferring.... progressivebydesign Jun 2012 #16
By whom. The uninsured? Is that what progressivism is about now Leopolds Ghost Jun 2012 #22
You are spreading misinformation and disinformation. girl gone mad Jun 2012 #23
The major reasons for creating the healthcare bill was to get skyrocketing costs to stop inflating s caroll31 Jun 2012 #20
80-85% of insurance costs have to be spent on actual care. boppers Jun 2012 #24

emulatorloo

(44,276 posts)
5. So that's why Scalia is pissed? And why Koch bros spent millions to destroy Obamacare?
Thu Jun 28, 2012, 11:01 AM
Jun 2012

And why health industry spent millions to campaign against it?

Because they love it so?

Sorry, does not make sense.

KurtNYC

(14,549 posts)
13. What the big money is fighting for is HOW it is written.
Thu Jun 28, 2012, 11:59 AM
Jun 2012

The fight is isn't to overturn it so much as to spend money now to try and steer it.

To me the elephant in the room is that Romney is the GOP nominee! The choice in 2012 on healthcare is: Obamacare versus Romneycare. More specifically -- either Obama's allies steer or Romney's steer this thing.

ACA and what it could lead to is nearly the size of Social Security money wise. If you lump together the size of the following industries you have trillions: hospitals, major drug makers, insurance companies, hospital equipment makers, hospital vendors and contractors, administration fees and the like. The cost of healthcare, specifically end of life care, also affects the credit, banking and real estate industries because who and how healthcare is paid for impacts how many people die with a balance versus a huge unpaid personal debt.

Imagine if they privatized social security and mandated that we all invest, the fight would be over which companies benefit the most from such a sea change. I think the current transition in healthcare is very similar.

Leopolds Ghost

(12,875 posts)
21. "Imagine if they privatized social security and mandated that we all invest"
Thu Jun 28, 2012, 03:24 PM
Jun 2012

We do not have to imagine. That will be the next step -- and both parties in Congress would vote to pass the final bill.

 

Hell Hath No Fury

(16,327 posts)
8. Yup.
Thu Jun 28, 2012, 11:33 AM
Jun 2012

I am not celebrating. I had 4 years of "evil socialized medicine" vs. years of insurance where I had a copay that I was unable to cough up on more than one occasion.

I know which one is superior.

hue

(4,949 posts)
17. "Hospitals" are happy because under the old, private insurance system they were failing!
Thu Jun 28, 2012, 01:03 PM
Jun 2012

The American Nurses Association as well as National Nurses United and other nursing organizations completely supported the Affordable Healthcare Act!

http://nursingworld.org/HomepageCategory/NursingInsider/Archive_1/2011-NI/Jan-2011-NI/ANA-Support-Affordable-Care-Act-.html

Healthcare will always be "big". Healthcare needed big help and today it got it!! This is a win for 99% of the US!!

iandhr

(6,852 posts)
9. My folks talled a Doc a NYU...
Thu Jun 28, 2012, 11:33 AM
Jun 2012

... one of New York Cities largest hospitals.

He said that they have been preparing for the last 2 years to implement the Bill. He said it would have been devastating if it was overturned.

Shadowflash

(1,536 posts)
12. Yup.
Thu Jun 28, 2012, 11:51 AM
Jun 2012

Because denying people care to save money is a legitimate profit increasing tactic and, when you have shareholders to please, profits are priority #1.

 

Hoyt

(54,770 posts)
19. Fortunately, 2/3 of hospitals are not-for-profit. Of course, it still costs a lot in either, and
Thu Jun 28, 2012, 01:48 PM
Jun 2012

they both spend a lot of money.

andym

(5,447 posts)
14. New headline: Health care fallout: Provider stocks jump, insurers fall
Thu Jun 28, 2012, 12:39 PM
Jun 2012

The stock of HCA Holdings, formerly Hospital Corp. of America (HCA), the largest private hospital chain in the United States, rose more than 10%. Quest Diagnostics, which runs laboratories (DGX), rose almost 3%.

Insurance companies were down sharply as analysts rushed to sort out the ruling. UnitedHealth Group stock (UNH) fell almost 4%, WellPoint (WLP) 7% and Aetna (AET) 4.6%.

http://www.usatoday.com/money/industries/health/story/2012-06-28/health-care-stocks/55889578/1
------------
Insurance companies are now getting hammered.

The provisions forcing them to pay at least 80% of premiums into actual health care is the likely reason.

KurtNYC

(14,549 posts)
15. Wonder how much HCA Roberts bought in the last 3 months ?
Thu Jun 28, 2012, 12:46 PM
Jun 2012

If you are SCOTUS "buy the rumor sell the fact" becomes "buy the ruling sell on the announcement."

Cha-ching!

Leopolds Ghost

(12,875 posts)
22. By whom. The uninsured? Is that what progressivism is about now
Thu Jun 28, 2012, 03:29 PM
Jun 2012

Blaming the uninsured for health care costs and insisting that the uninsured, not hospitals, pay for their health care costs, by fining the uninsured for not carrying insurance.

I remember when Democratic city officials started shutting down major public hospitals (Charity in New Orleans, DC General, etc.) for the same reason -- because the argument was that they were servicing too many impoverished uninsured people and encouraging "dependency" on free health care..

girl gone mad

(20,634 posts)
23. You are spreading misinformation and disinformation.
Fri Jun 29, 2012, 12:14 AM
Jun 2012

Hospitals are reimbursed by the government for almost all uncompensated care, which is provided to the insured as well as to the uninsured.

 

caroll31

(20 posts)
20. The major reasons for creating the healthcare bill was to get skyrocketing costs to stop inflating s
Thu Jun 28, 2012, 02:08 PM
Jun 2012

The major reasons for creating the healthcare bill was to get skyrocketing costs to stop inflating so fast. This bill helps to do that for business. While it will cost more those costs will be under better control and be more predictable so businesses will be able to predict future costs more reliably.

boppers

(16,588 posts)
24. 80-85% of insurance costs have to be spent on actual care.
Fri Jun 29, 2012, 12:38 AM
Jun 2012

Hospital "costs"? Nope, no such restrictions.
Doctor "costs"? Nope, no such restrictions.
Pharmaceutical "costs"? Nope, no such restrictions.

I'm on a BCBS plan, and since the last time I went in, nobody knew I was insured, so I got billed "retail rate". $300 for each 5-minute doctor's visit. That's $3,600 an hour, $28,800 per 8 hour *day*, just for talking to a doctor.

Yeah, the hospital stocks are rising, along with "medical groups", and all the other snake-oil scams, because nobody thought to regulate the fuck out of their soulless, greedy, over-charging, enterprises.

...and before I get hit with some sob-story about doctors paying off student loans, or malpractice insurance, that racks up to $7,488,000. Per year. Per doctor.

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