Health Care Industry Doesn’t Want Repeal

It’s interesting to note that stocks are down in the health care industry since the Supreme Court held oral arguments on the Affordable Care Act. People are selling hospital stock and stocks in a variety of insurance companies on speculation that the bill will be repealed in part or in whole. Most health care-related industries stand to lose if there is a repeal. It’s not even clear that the pharmaceutical industry wants to see the law overturned at this point. They can certainly live with the deal they made, and they’ve put a ton of work into complying with the law that would all go to waste. If you wanted to make a gamble, you could make a small fortune betting on the stocks of these companies to go up if the the health care law is upheld. And that fact alone should tell you that 100% of what the Republicans have been saying about ObamaCare is bullshit.