Wednesday, November 7, 2012

Are Hospitals in Cahoots with Obama?

Investors seem to think so.

The overall market is down big as I write:


But hospital stocks are up overall 9%.

Industry leader HCA Holdings Inc. is up nearly 10% .

Tenet Healthcare Corp. is up 9% to $27.21. Health Management Associate gained more than 8%  and Community Health Systems surged by 6.4%.

Medicare and Medicaid insurers were also up. Centene Corp. is up more than 10% . WellCare Health Plans  tacked on nearly 4%. Molina Healthcare Inc.  also gained ground, up 3.16%.

As Lew Rockwell said last night, it was the healthcare providers and insurers that wrote most of Obamacare. They aren't climbing to day because investors see them being squeezed. Its the insured and patients with huge premiums that are going to be squeezed, on top of higher taxes.

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