“I cannot in good conscience vote for the Graham-Cassidy proposal,” Mr. McCain said in a statement. “Nor could I support it without knowing how much it will cost, how it will affect insurance premiums, and how many people will be helped or hurt by it. Without a full CBO score, which won’t be available by the end of the month, we won’t have reliable answers to any of those questions.
His statement sent for-profit hospital operator stocks soaring, according to Business Insider. Shares of Dallas-based Tenet Healthcare rose 3.45 percent, Franklin, Tenn.-based Community Health Systems shares climbed 1.92 percent, Brentwood, Tenn.-based LifePoint shares rose 1.87 percent and shares of Nashville, Tenn.-based HCA Healthcare jumped 1.34 percent.
More articles on healthcare finance:
CHI’s operating loss swells to $585.2M in FY 2017
Sen. Grassley: Tax-exempt hospitals shouldn’t need ‘herculean oversight’ to meet charitable obligations
22 healthcare bankruptcies so far in 2017
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
