Thursday, June 28, 2012
Hospitals rally after healthcare law mandate upheld
Hospital stocks are climbing after the Supreme Court upheld the healthcare law's insurance mandate in a 5-4 decision. The mandate is expected to help hospitals obtain more payments from poor patients. In mid-morning trading, Tenet Healthcare (THC) jumped 6.63% to $5.31, Community Health (CYH) rallied 5.22% to $26.82, HCA Holdings (HCA) rallied 7.37% to $28.57, and LifePoint Hospitals (LPNT) rallied 5.20% to $40.47.
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