The Supreme Court's decision to uphold the individual mandate in the 2010 Affordable Care Act had — as expected — an immediate impact on the shares of Middle Tennessee's hospital operators. Within minutes of the announcement, HCA Holdings, Community Health Systems and LifePoint Hospitals were up 7 percent or more. Only Vanguard Health is lagging.
Other representative local health care names such as Brookdale, Healthways and AmSurg are flat to down.
Larry Robbins, who runs hedge fund firm Glenview Capital, on Wednesday told attendees of a New York conference that he's betting hospitals stocks will get a big lift from health care reform — even if the Supreme Court overturns some of its elements. Glenview manages about $7 billion, but Robbins' pep talk didn't lift local hospital stocks Wednesday.
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