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Obamacare Heals Hospital Stocks as 6 Million Sign Up for Plans

Shares of the three biggest publicly traded hospital companies rose Monday after the government said that about 6 million people have signed up for Obamacare coverage for next year on U.S.-run markets, a good sign after concerns that the industry’s benefit from the program was shrinking. Tenet Healthcare Corp. gained 8.9 percent to $29.86 at 11:57 a.m. in New York, after earlier rising 10 percent in the biggest intraday gain since June 25. Community Health Systems Inc. rose 5.6 percent to $26.60.