ObamaCare ruling sends insurance stocks down and hospital shares up!
NEW YORK (PNN) - June 28, 2012 - Equities analysts at Goldman Sachs, the major investment bank, say hospitals are winners in the Fascist Police States of Amerika Supreme Court ruling on illegitimate President Obama's health care plan.
A commentary published by the firm predicts that the year 2014, when many provisions of the health care law are scheduled to be in place, should be a good one for hospital companies. Goldman says hospital stock prices will probably rise.
Equity analysts at other companies say the new law will make health insurance more widespread and that will cut the financial burden on hospitals from treating indigent patients.
Goldman says the overall impact on health care companies will be modest.
However, stocks of health care insurance companies declined shortly after Thursday's ruling. While insurance companies will be getting many new customers, investors may expect that on balance, new regulations could hurt insurance industry profits.