Obamacare Victorious
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President Obama's 2010 health care plan had a major victory today after the U.S. Supreme Court upheld the law in a 5-4 vote.
The Court ruled that individual mandate, which requires most Americans to buy health insurance or pay a fine, is constitutional as a tax. Conservative Chief Justice John Roberts provided the key vote.
Hospital stocks are moving higher on the news. Tenet Healthcare Corp. (NYSE: THC) is up 10 percent, Community Health Systems, Inc. (NYSE: CYH) is up 8 percent, Health Management Associates Inc. (NYSE: HMA) is up 5 percent.
Health care plan stocks are lower. WellPoint Inc. (NYSE: WLP) is down 4 percent and Unitedhealth Group, Inc. (NYSE: UNH) is down 1 percent.
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The Court ruled that individual mandate, which requires most Americans to buy health insurance or pay a fine, is constitutional as a tax. Conservative Chief Justice John Roberts provided the key vote.
Hospital stocks are moving higher on the news. Tenet Healthcare Corp. (NYSE: THC) is up 10 percent, Community Health Systems, Inc. (NYSE: CYH) is up 8 percent, Health Management Associates Inc. (NYSE: HMA) is up 5 percent.
Health care plan stocks are lower. WellPoint Inc. (NYSE: WLP) is down 4 percent and Unitedhealth Group, Inc. (NYSE: UNH) is down 1 percent.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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