President Barack Obama's re-election odds have been on a roller coaster ride since September, and not surprisingly, the same could be said for the shares of for-profit hospital operators, according to a Bloomberg report.
If President Obama is re-elected, the PPACA will stand as the law of the land. For-profit hospital chains would be among the biggest benefactors if the law stays because they will directly see more patient admissions, and earnings, when insurance coverage is expanded in 2014.
From this past September through this month, President Obama's re-election odds jumped 8.3 percent at one point, peaking at the beginning of October. Shares of Nashville, Tenn.-based Hospital Corporation of America and others increased as President Obama's chances increases.
However, Republican presidential candidate Mitt Romney, who has said he would repeal the PPACA, gained ground over the past few weeks, and stocks have subsequently plunged. In the past three weeks, almost every one of the seven publicly traded for-profit hospital companies has seen losses on their shares.
To see the chart on shares of for-profit hospital chains and President Obama's re-election chances, click here.
If President Obama is re-elected, the PPACA will stand as the law of the land. For-profit hospital chains would be among the biggest benefactors if the law stays because they will directly see more patient admissions, and earnings, when insurance coverage is expanded in 2014.
From this past September through this month, President Obama's re-election odds jumped 8.3 percent at one point, peaking at the beginning of October. Shares of Nashville, Tenn.-based Hospital Corporation of America and others increased as President Obama's chances increases.
However, Republican presidential candidate Mitt Romney, who has said he would repeal the PPACA, gained ground over the past few weeks, and stocks have subsequently plunged. In the past three weeks, almost every one of the seven publicly traded for-profit hospital companies has seen losses on their shares.
To see the chart on shares of for-profit hospital chains and President Obama's re-election chances, click here.
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