Hospital stocks jump after health care ruling
WASHINGTON (AP) — Stocks of hospital companies rose sharply and insurance companies fell Thursday after the Supreme Court upheld a requirement that almost all Americans carry health insurance.
The stock of Hospital Corp. of America, the largest private hospital chain in the United States, rose a little more than 7 percent. Quest Diagnostics, which runs laboratories, rose almost 3 percent.
Gary Taylor, a financial analyst for Citi Investment Research, wrote in a note to clients that the ruling was "a surprise win for hospital companies," which stand to benefit from tens of millions more people getting health insurance.
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