Saturday, September 23, 2017

Healthcare Stocks Record Gains After McCain's Opposition

Several healthcare stocks recorded gains Friday afternoon after Sen. John McCain, R-Ariz., said he would not support the GOP's latest healthcare bill.
Business Insider reported that these four stocks made the largest moves on the market:
  • Tenet Healthcare (THC), +3.45 percent.
  • LifePoint Hospitals (LPNT), +1.87 percent.
  • Community Health Systems (CYH), +1.92 percent.
  • HCA Holdings (HCA), +1.34 percent.
The S&P 500 healthcare index went up 0.45 percent after McCain's healthcare statement went out Friday afternoon.

McCain's opposition to the healthcare bill proposed by Sens. Lindsey Graham, R-S.C., and Bill Cassidy, R-La., will likely be lethal for the piece of legislation that would have replaced Obamacare with state-based healthcare platforms.
Sen. Rand Paul, R-Ky., also opposes the bill, while Sen. Susan Collins, R-Maine, is leaning that way as well.

http://www.newsmax.com/Politics/healthcare-stocks-record-gains/2017/09/22/id/815232/ 

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