Healthcare stocks drop over ACA uncertainty

Shares of hospital operators and health insurers sank Sept. 21 following the death of U.S. Supreme Court Justice Ruth Bader Ginsburg, according to CNBC. 

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Analysts say Ms. Ginsburg’s death creates additional uncertainty over the future of the ACA. She died Sept. 18, less than two months before the Supreme Court is scheduled to hear a case over the legality of the ACA and whether it should be struck down. 

On Sept. 21, shares of Dallas-based Tenet Healthcare fell 13 percent, while shares of King of Prussia, Pa.-based Universal Health Services and Franklin, Tenn.-based Community Health Systems were down 8.6 percent and 6 percent, respectively. 

Shares of Medicaid insurers Molina Health and Centene also dropped about 8.5 percent Sept. 21, according to the report. 

Read the full CNBC article here

More articles on healthcare finance:
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Hospitals face loss of Medicare payments for defying price disclosure rule
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