While the U.S. healthcare equipment and services sector saw an overall positive growth in the stock market, most of the for-profit hospital operators suffered this past week.
Since ObamaCare was implemented in 2010, healthcare giants like Aetna and HCA Healthcare, to name a few, have reaped fiscal rewards with their stock value rising exponentially.
But now with the Trump Administration backing the repeal and replacement of the Affordable Care Act, the financial market, specifically the healthcare sector, is taking some hits as the GOP moves forward with the process.
Most recently, three of the five major for-profit hospital operators saw their stock prices fall: HCA Holdings, LifePoint Health, and Universal Health Services.
HCA Holdings, based in Nashville, Tenn., declined 0.2 percent to $79.52 per share; LifePoint Health, based in Brentwood, Tenn., declined 0.7 percent to $60 per share; and Universal Health Services, based in King of Prussia, Pa., declined 0.02 percent to $112.73 per share.
While the three operators saw minor losses for the week, two hospital operators were able to buck the trend given the political climate: Community Health Systems and Tenet Healthcare.
Community Health Systems, based in Franklin, Tenn., increased 0.5 percent to $6.69 per share; Tenet Healthcare, based in Dallas, increased one percent to $18.29 per share.
The following is a comparison of the five operators, per Becker’s Hospital Review:
- Community Health Systems (Franklin, Tenn.): $6.69 per share (up 0.5 percent)
- HCA Holdings (Nashville, Tenn.): $79.52 per share (down 0.2 percent)
- LifePoint Health (Brentwood, Tenn.): $60.00 per share (down 0.7 percent)
- Tenet Healthcare (Dallas): $18.29 per share (up 1 percent)
- Universal Health Services (King of Prussia, Pa.): $112.73 per share (down 0.02 percent)