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NEW YORK, June 25- The U.S. hospital and health insurance industries breathed a collective sigh of relief on Thursday after the U.S. Supreme Court upheld subsidies for individuals under President Barack Obama's signature healthcare law. Health economists have estimated $15 billion to $22 billion in healthcare spending was at risk with the decision.
NEW YORK, June 25- The U.S. hospital industry breathed a collective sigh of relief on Thursday after the U.S. Supreme Court upheld subsidies for individuals under President Barack Obama's signature healthcare law. Among hospitals, shares of Community Health Systems were up 12.8 percent at $62.33, while shares of HCA Holdings rose 8.7 percent to $90.61 and Tenet...
NEW YORK, March 4- U.S. hospital executives said on Wednesday they were optimistic they will avoid the toughest consequences of a Supreme Court decision on whether millions of Americans can continue to purchase subsidized health benefits under Obamacare. "I am hopeful that the court will recognize and uphold the intent of Congress, which was to expand coverage...
*Markit, ISM services show modest growth. *Healthcare stocks rise after Supreme Court hearing. The sector's top gainers were HCA Holdings, Tenet Healthcare and Universal Health Services.
WASHINGTON, March 4- The U.S. Supreme Court heard arguments on Wednesday on a second major challenge to President Barack Obama's healthcare law, but no clear majority was immediately apparent in the case that takes aim at a pivotal part of the statute providing tax subsidies to help people afford insurance. A couple of dozen demonstrators from the conservative...
The new hedge fund firm, Hudson Executive Capital LP, is headed by Douglas Braunstein, a former JPMorgan chief financial officer, and James Woolery, the investment bank's one-time co-head of North American mergers and acquisitions. Traditional activist investors, such as Carl Icahn and William Ackman, tend to agitate for change, often trying to replace a...
Want to know what's giving health stocks confidence in profit forecasts? Like it or not, it's the Affordable Care Act, aka Obamacare.
It's been a whipsaw day on Wall Street with traders trying to buy market bottoms.
Some of the names on the move ahead of the open.
Hospitals in states that expanded Medicaid are reaping financial benefits in excess of original estimates, a new report found.
Some of Wednesday's midday movers:
It's hard to find investors and analysts who aren't bullish on health care. But how does the prognosis look for the rest of the year?
Companies in the news after Thursday's bell:
The latest cold blast is likely to add to the murky economic picture, which is already making it difficult for stocks to advance.
Obamacare "defies the whole concept" of its intended purpose to make health insurance more affordable for more people, billionaire entrepreneur Ken Langone told CNBC.
Having millions more insured could be a game changer for hospitals, especially those with large emergency departments.
Alan Miller, chairman, president & CEO, Universal Health Services, discusses the economy and concerns people have over co-pays and getting medical care. Those concerns have dampened utilization, he says. People are putting off elective procedures.
The Obama administration's dramatic delay of the new health care law's effect on larger businesses could save jobs in the short-term, but is unlikely to lead to a big hiring boom.
Obamacare's implementation may look like a "train wreck," but Universal Health Services CEO Alan Miller says his $7 billion hospital company is well-positioned for the changes.
Stocks finished near session highs Monday, with the S&P 500 setting a record close and the Nasdaq ending at its best level since November 2000, following a better-than-expected pending home sales report and after Italy's new prime minister named his cabinet over the weekend.