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. 

Advertisement

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:
Chicago hospital defeats allegations of ‘ghost payroll’ scheme
Hospitals face loss of Medicare payments for defying price disclosure rule
OIG tags Arizona hospital for erroneous billing

At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.

Register to Attend Webinar

Reconsider What’s Possible: Enterprise RCM and the Pro-Fee Practice

Tuesday, July 28
11:00 AM - 12:00 PM CDT

Presenters: Garett Kreitz, Med-MetrixJohn Stefanowicz, Med-Metrix

Advertisement

Next Up in Financial Management

Advertisement

Comments are closed.