A Sick Rally, So to Speak, for Hospital Stocks

The court affirmation of Obamacare means many hospitals will no longer need fight for reimbursements, sending their stocks higher Photograph by Erik S. Lesser/Bloomberg

Conventional wisdom says a bigger government hand in health care means more scrutiny of outlays to highly profitable pharmaceuticals, insurers, and medical device makers. Indeed, with the Supreme Court voting 5-4 to uphold the Affordable Care Act, these sectors are all down today, amid a broad market pullback.

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