Skip to comments.Health care stocks hit hard by Supreme Court ruling
Posted on 06/28/2012 11:35:51 AM PDT by aimhigh
The decision by the U.S. Supreme Court to uphold President Barack Obama's health care reform law sent the stock markets lower with health industry stocks getting hit hardest on Wall Street on Thursday.
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Actually, HCA is up over 2%.
Actually, the hospital stocks are up strongly after the ruling. Many are up 10%.
I have not checked but I understand the health care insurance company stocks are down.
Not sure how the ruling has impacted the drug companies.
Healthcare insurer stocks fall.
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%.
OTOH, H&R Block should get a nice little bump