For-profit hospital operator HCA Healthcare saw stocks fall more than 4.5 percent early Dec. 17, while Cigna and Humana shares dipped 4 percent each, the report states. Healthcare service company Centene and managed health company Molina Healthcare reportedly saw shares fall 7.9 percent and more than 8 percent, respectively.
The ruling from U.S. District Judge Reed O’Connor comes after 20 states filed a lawsuit seeking to undo the ACA. The states argue that the ACA is unconstitutional because the tax law signed by President Donald Trump in December 2017 eliminates the ACA’s individual mandate penalty.
Matt Borsch, healthcare analyst at BMO Capital, and Ana Gupte, Leerink Partners senior healthcare services analyst, told CNBC they expect the ruling to be overturned and see a buying opportunity for healthcare stocks.
Access CNBC‘s full report here.
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