TrumpCare is Dead. These Stocks Have Sprung to Life.
March 27, 2017 at 12:24 PM EDT
On Friday, Republican attempts to repeal and replace Obamacare met an ignoble end in the House of Representatives . And that's great news for hospital stocks like HCA Holdings ( HCA ) and Universal Health Services ( UHS ). It's not hard to see why. Obamacare ensured that more patients entering the emergency rooms at hospitals would be able to pay for it, either through insurance, Medicare of Medicaid, a boon to their bottom line. Take that away, and hospitals would have to go back to providing care to more patients that couldn't pay for it. But with Obamacare still the law of the land, hospitals won't take the hit many expect. How big a difference does that make? So big that Mizuho's Sheryl Skolnick and Ann Hynes upgraded Universal Health Services and HCA Holdings to Buy from Neutral. They explain why: