Hospital stocks such as Tenet and Lifepoint made significant jumps in the hours and days following the recent Supreme Court ruling on Obamacare. Gains continued until the following Monday when some health care stocks declined. However, they declined less significantly in comparison to the overall market decline. Monday saw small declines in HCA Holdings Inc. (HCA), which went down 0.85% and Community Health Systems Inc. (CYH) declining 0.60%. Tenet Healthcare Corp. (THC) was up 1.4% to $58.62 while LifePoint Health Inc. (LPNT) went up 1.2% to $84.92.
Home and hospice care company Amedisys Inc. (AMED) climbed 1.3% to $39.82 similarly hospital staffing company AMN Healthcare Inc. (AHS) gained 1.4% to $31.12. The effect of the Greek debt crisis left the rest of the market in a sea of red while health care stocks still performed well. These stock moves would be typical shifts in the health care market, but because there is significant market decline, these continued increases suggest that the Supreme Court ruling is still having a positive effect on health care trading.
Written by Alison Killian
To read more from Alison click here
To read more from Market Watch click here
Alison Killian is a recent graduate of Grove City College who majored in Business Management and minored in Biology Studies. She is a contributor to Medical Groups and passionate about all facets of healthcare. She plans on continuing work in the healthcare field especially in management. She is very interested in healthcare innovation and finding ways to improve the current system. She hopes to go back to school in a few years to earn a degree in medicine.