The Supreme Court decided to allow the continuation of national health care subsidies today. The King vs. Burwell case questioned whether the law gives the government the power to provide health care insurance subsidies through the federal exchange and the highest court in the land decided they did. The impact of the King victory is beneficial to millions of Americans, hospitals, health care providers and investors.
Investors are already cheeringand see it as a major win for providers. Health care stocks are surging today with Tenet Health (THC) jumping over 13% and HCA Holdings (HCA) is up 8.5%. Insurance providers are reaping the benefits too with Humana (HUM) and UnitedHealth (UN) both up 2%. The ruling in favor of King is making many players in the health care industry very happy today. The American Medical Association (AMA) is relieved that the ACA will continue to provide subsidies that allow those millions of Americans to access the health care they need and deserve. More clients with insurance means more profits for hospitals and continuing those health care subsidies means more Americans will be able to rightfully access quality care.
Written by Alison Killian
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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.