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Guns Guns Guns
Guest
Insurers and other health care companies are facing costly new restrictions and fees under the new law.
The Republicans, the party most associated with big business, hate it.
So if President Obama’s health care overhaul is repealed by the Supreme Court this month, companies would rejoice, right?
For many companies, overturning the law could mean less profit, not more.
Certain health care insurers and hospitals could no longer expect to get payments from millions of newly insured patients.
What’s more, health care experts say many big companies want to see the law upheld because they’ve worked hard to adapt to it, and fear legislation replacing it might prove more costly to them.
Hospitals have to foot at least some of the bill when uninsured patients show up for treatment.
The law would help put an end to that by requiring most people to get coverage.
Cut the requirement, and hospitals would have to continue paying out of pocket.
Plus they would still have to swallow Medicare cuts in the law.
Though it’s not clear investors are anticipating this, they have been selling stock of hospital chains lately. Since the high court started considering the case in late March, they have pushed down the stock of Universal Health Services, Tenet Healthcare and Kindred Healthcare by 6 percent or more. The Standard & Poor’s 500 fell 3.6 percent in the same period.
http://www.washingtonpost.com/busin...hey-may-fare/2012/06/23/gJQA3nXOxV_story.html
The Republicans, the party most associated with big business, hate it.
So if President Obama’s health care overhaul is repealed by the Supreme Court this month, companies would rejoice, right?
For many companies, overturning the law could mean less profit, not more.
Certain health care insurers and hospitals could no longer expect to get payments from millions of newly insured patients.
What’s more, health care experts say many big companies want to see the law upheld because they’ve worked hard to adapt to it, and fear legislation replacing it might prove more costly to them.
Hospitals have to foot at least some of the bill when uninsured patients show up for treatment.
The law would help put an end to that by requiring most people to get coverage.
Cut the requirement, and hospitals would have to continue paying out of pocket.
Plus they would still have to swallow Medicare cuts in the law.
Though it’s not clear investors are anticipating this, they have been selling stock of hospital chains lately. Since the high court started considering the case in late March, they have pushed down the stock of Universal Health Services, Tenet Healthcare and Kindred Healthcare by 6 percent or more. The Standard & Poor’s 500 fell 3.6 percent in the same period.
http://www.washingtonpost.com/busin...hey-may-fare/2012/06/23/gJQA3nXOxV_story.html