Topics

Aetna Inc.

Health care stocks rise after Supreme Court's Obamacare ruling

Health care stocks rise after Supreme Court's Obamacare ruling

Health insurance companies and hospitals were pleased to put behind them a court challenge to the federal financial assistance provided to lower-income Americans to buy insurance under the Affordable Care Act. Their investors also cheered. By ruling to uphold the health law subsidies, the U.S. Supreme Court provided some certainty to the insurance marketplace because millions of people will likely remain insured. Economic experts predicted that eliminating the subsidies would have made insurance unaffordable for millions and also would have increased premiums for those who aren't eligible for subsidies. "Today's Supreme Court ruling ensures that millions of Americans can...

Loading