Hospital stocks sharply higher after health care ruling

Specialists Robert Canzani, left, and Henry Becker, second from right, work at their posts on the floor of the New York Stock Exchange Thursday, June 28, 2012. Stocks dropped sharply Thursday after the Supreme Court upheld the central provision of President Barack Obama's health care overhaul, a requirement that almost all Americans carry health insurance. (AP Photo/Richard Drew)

June 28, 2012 - 10:21 AM

Stocks of U.S. hospital companies are moving sharply higher after initial reports said the Supreme Court upheld the individual insurance requirement in President Barack Obama's health care overhaul.

HCA Holdings stock is up 10 per cent. Community Health Systems is also up 10 per cent.

Stocks of drug companies and medical device makers are slightly lower for the day as analysts sort through the Supreme Court's ruling.

Stocks of the biggest insurance companies are also lower.

News from © The Associated Press, 2012

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