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Drugmakers Jump, Hospitals Plunge in Aftermath of Trump Win

  • Pfizer shares gain as Community Health, HCA, Centene tumble
  • Hospitals, insurers could lose patients under Obamacare repeal
Bloomberg business news

Is Obamacare Set for an Overhaul?

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Pharmaceutical stocks and bonds were among the day’s biggest winners as the sweeping Republican victory in U.S. elections eased concern that price controls might be imposed in the world’s largest market for prescription medicines.

Even as drug companies rallied, other parts of the health sector plunged. President-elect Donald Trump’s vow to repeal the Affordable Care Act sent shares of hospital chains and insurers tumbling on the possibility that millions of customers could lose coverage, disrupting the industry again just a few years after the landmark law took effect.