Hospital Stocks Fall After Romney Debate Performance
Concern that with a Romney administration, hospitals will have to bear the cost of the uninsured caused stocks to fall.
Hospital operators Tenet Healthcare Corp, HCA Holdings Inc, Healthsouth Corp and HCP Inc were all down between 1 percent and 3 percent Thursday on the New York Stock Exchange.
The Affordable Care Act or Obamacare, as it is popularly known, has set forth a mandate that will force millions of Americans to buy health insurance by 2014. This will free hospitals from bearing the costs of treating uninsured patients.