Hospital and insurer stocks recorded sharp gains on Thursday after Senate Republicans released the discussion draft of their long-awaited healthcare bill, according to Reuters.
The S&P 500 healthcare sector hit a record high Thursday afternoon and has gained about 4 percent this week, according to the report.
Major for-profit hospital operators and insurers saw their share prices rise on Thursday. Nashville, Tenn.-based HCA Healthcare's shares climbed 3 percent and Dallas-based Tenet Healthcare's shares soared 7 percent. Among insurers, Minnetonka, Minn.-based United Health Group's shares gained 0.9 percent, while St. Louis-based Centene and Long Beach, Calif.-based Molina Healthcare saw shares climb 3 percent and 2.6 percent, respectively.
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