News Headlines Article

Supreme Court ruling causes big swings in healthcare stocks
Los Angeles Times

Healthcare stocks swung wildly as investors scrambled to figure out how the Supreme Court’s ruling on President Obama’s healthcare law would affect companies throughout the medical industry.

Shares of hospitals and Medicaid providers rose on investor assumptions that the companies would gain customers — many of them able to pay their bills now that the court upheld the so-called individual mandate. Hospital chain Tenet Healthcare Corp. rose 5.4%, while Medicaid provider Molina Healthcare Inc. jumped 8.6%.