Major for-profit hospital operators saw their stock prices rise Wednesday after Vice President-elect Mike Pence addressed concerns about congressional efforts to repeal the ACA, according to a Bloomberg report.
In a visit to Congress, Mr. Pence promised that a repeal of the ACA would be done in a thorough and careful way, not so abruptly that it leaves millions of Americans without insurance and throws U.S. healthcare companies into disarray, according to the report.
He said he was talking with Republican leaders to coordinate "both a legislative and executive action agenda to ensure that an orderly and smooth transition to market-based healthcare system is achieved."
Republicans have yet to agree on exactly how fast to move forward with their plans to repeal the ACA. Still, major for-profit hospital operators saw their stock prices rise after the remarks. According to Bloomberg, Franklin, Tenn.-based Community Health Systems, Nashville, Tenn.-based HCA Holdings and Dallas-based Tenet Healthcare had their best day of trading since November.
Here is how the five operators stacked up Wednesday compared to last week.
- Community Health Systems (Franklin, Tenn.): $6.25 per share (up 12 percent)
- HCA Holdings (Nashville, Tenn.): $77.13 per share (up 4.2 percent)
- LifePoint Health (Brentwood, Tenn.): $58.86 per share (up 3.6 percent)
- Tenet Healthcare (Dallas): $16.75 per share (up 12.9 percent)
- Universal Health Services (King of Prussia, Pa.): $108.81 per share (up 2.3 percent)
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