Lunchtime Must-Read: Zachary Tracer: Hospital Stocks Surge After Justice Kennedy Criticizes Obamacare Challenge

Zachary Tracer: Hospital Stocks Surge After Justice Kennedy Criticizes Obamacare Challenge: “Tenet Healthcare Corp. and HCA Holdings Inc. led a rally among hospital companies as a Supreme Court challenge to Obamacare’s insurance subsidies drew questions from a pivotal justice…

…Anthony Kennedy… said Wednesday there is a ‘powerful’ point to the Obama administration’s argument that the health-care law would fall apart if the subsidies were ruled unlawful. ‘There is a serious constitutional problem,’ Kennedy said, if the court rules for the challengers’ attack on tax credits designed to help people afford insurance…. As of 11:28 a.m. in New York. Tenet was up 7.4 percent to $50.52, and HCA rose 7 percent to $75.71. Community Health Systems Inc. advanced 6.3 percent to $52.70.”

March 4, 2015

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