As the likeliness of a win for Republican Scott Brown increases, major managed-care stocks rose and hospital stocks slid. Brown’s victory would threaten legislation to overhaul the nation’s health-coverage laws by eliminating the Democrats filibuster-proof majority in the Senate.
Most major managed-care stocks were up by 4% to 6% recently; Humana rose $3.06, or 6.3%, to $51.57. Hospital shares were down by roughly 3% to 5%, with Tenet Healthcare Corp. off 27 cents, or 4.4%, at $5.80, and Community Health Systems Inc. down $1.67, or 4.4%, at $36.66.
About EQUITIES:
Since 1951, EQUITIES Magazine has been a leading media company providing business editorial content designed to serve the needs of business leaders, professionals, institutional investors and retail investors. We are focused on business and the business of making money, not on lifestyle subjects. We publish original reporting in print and on our website, as well as select content at www.nasdaq.com. For 28 years we have hosted our own branded investor conferences that connect public company CEO’s with our loyal readers in the investment community.
Sign up for a free one-year subscription to EQUITIES Magazine
