|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||13.28 - 14.68|
|52-week range||12.25 - 24.13|
|PE ratio (TTM)||-7.51|
|Forward Dividend & Yield||0.00 (0.00%)|
|1y target est||N/A|
Hospitals will most likely see rising bad debt in 2018 after President Trump ended Obamacare's cost-sharing reductions.
Health-care stocks took a plunge Friday after the White House killed key Obamacare payments to health insurers.
Healthcare stocks certainly look ghoulish this morning, with share prices for health insurers and hospitals in a free fall after President Trump announced plan to cut off billions of dollars in Obamacare subsidies. The loss of those payments, called cost-sharing reduction (CSR) payments, is a financial disaster for hospitals and some insurers, says Mizuho analyst Sheryl Skolnick. “Whatever the politics or policy behind this, the effect of the order is likely to be profoundly destabilizing, disruptive and potentially materially damaging to hospitals and those exchange plans are still required to offer benefits despite the loss of the CSR payment,” she says in a note published early this morning.
Tenet Healthcare Corp., other hospital chains and health insurers fell as President Donald Trump’s move to cut off subsidies to insurers is likely to have a “profoundly destabilizing” impact that could ...
Citing sources, The Wall Street Journal reported the company is exploring its options, including a possible sale of the company.
The large for-profit insurers and hospitals will find ways to grow, whether or not the GOP's health-reform bill is passed this summer.
Cramer spoke one day after health-care stocks posted sharp gains after the Senate released its health bill.
The Republican bill threads the needle on the industry's concerns, by funding insurance subsidies near-term, while pushing out deep cuts to Medicaid.
Health and hospital stocks released "pent-up demand" after fears of a sell-off were avoided when the Senate health bill was unveiled.
The news comes at a time when health-care companies and hospitals are seesawing on President Donald Trump's every word about the industry.
While the White House and Congress struggled to repeal Obamacare, investors did not shy away from health-care stocks during the first quarter.
This analyst says the hospital stocks' rally might not continue, even with Obamacare remaining intact.
Hospital stocks continue their three-day rally as the GOP health-care bill got postponed for the second time on Friday.
Health-care stock performance diverged Friday after the controversial GOP health care bill was pulled from the floor of the House.
The strong backlash from conservative Republicans and medical groups has some investors betting cuts will be rolled back.