Hospital stocks drop as GOP tries to revive ACA replacement bill

Major for-profit hospital operators saw their share prices sink on Tuesday as Republican leaders sought to revive the ACA replacement bill.

Top White House officials met with conservative and moderate House Republicans on Monday in an effort to revive a plan to repeal and replace the ACA. GOP leaders proposed a new plan Monday night that would allow states to repeal the ACA's essential health benefits requirement and the ACA's community rating, which conservatives say are driving up premiums.

On Tuesday, shares of Nashville, Tenn.-based HCA Holdings dropped 3.2 percent, shares of Franklin, Tenn.-based Community Health Systems fell 6.3 percent and shares of Dallas-based Tenet Healthcare dropped 4.8 percent, according to Reuters.

When Republicans scrapped the American Health Care Act March 24, most of the major for-profit hospital operators saw their share prices soar. Their share prices dropped March 28 when House Republicans and the White House restarted discussions on legislation to repeal and replace the ACA.

More articles on healthcare finance:

Arizona hospital falls into bankruptcy less than 2 years after opening
SSM Health's operating income tumbles after St. Louis hospital acquisition
8 pieces of advice on improving claim collection rates

© Copyright ASC COMMUNICATIONS 2017. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.


Top 40 Articles from the Past 6 Months