Start of King v. Burwell arguments boosts hospital stocks

While the Supreme Court's decision in King v. Burwell is still a long way off, the stock market's reaction to the start of oral arguments Wednesday indicates that many see hope for the survival of federal health insurance subsidies. Publicly traded hospital stocks rose significantly late Wednesday, with shares of HCA Inc., Tenet Healthcare Corp. and Community Health Systems up more than 4 percent, MarketWatch reported. This may be due to the fact that many court watchers noted that Justice Anthony Kennedy--who is considered to be the swing vote--seemed to favor the defendants because of skeptical questioning of the plaintiffs' argument, the article stated. Hospital executives, too, hope that the court will either uphold subsides or Congress will devise a workaround to keep millions of Americans from losing their insurance, FierceHealthcare reported. >> Read the full article at FierceHealthFinance

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