New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
June 17, 2014
08:44 EDTLPNTLifePoint Hospitals management to meet with Deutsche Bank
Meeting to be held in San Francisco on June 17 hosted by Deutsche Bank.
News For LPNT From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
March 5, 2015
08:02 EDTLPNTJefferies sees 'meaningful potential upside' in Hospital stocks
Jefferies says that even with yesterday's rally, shares of hospitals have "meaningful potential upside" left, especially if the Supreme Court rules in favor of the government in June. The firm has a more positive view on healthcare providers after yesterday's Supreme Court hearing of oral arguments related to its review of Federal Exchange premium subsidies. Comments made by "swing voter" Justice Kennedy suggested that he is leaning in favor of upholding the law, the firm points out. Its top pick in the space is HCA Holdings (HCA).
March 4, 2015
17:11 EDTLPNTOn The Fly: Closing Wrap
Subscribe for More Information
12:06 EDTLPNTHospital stocks rise as Justice Kennedy voices concerns about Obamacare lawsuit
Liberal Supreme Court justices, along with a justice viewed as the "swing" justice on many cases, made statements today which suggested that they are skeptical about the arguments of plaintiffs who are asking the court to strike down subsidies under Obamacare in 34 states. Hospital stocks are rising, as hospitals benefit if more Americans are insured, and striking down the subsidies would cause fewer Americans to have health insurance. BACKGROUND: The plaintiffs in the case before the Supreme Court today, King vs. Burwell, argue that the Affordable Care Act, which launched Obamacare does not give the federal government the authority to offer subsidies through a health insurance exchange. A health insurance exchange operated by the federal government currently pays subsidies to consumers in 34 states that have not launched their own health insurance exchanges. If the Supreme Court rules in favor of the plaintiffs, the federal government would likely have to stop operating the exchange and paying the subsidies in those states. The court is expected to issue a decision on the case in June. WHAT'S NEW: Justice Anthony Kennedy, who may be considered to be the "swing" vote of the court, said that there is "a serious constitutional problem" with the plaintiffs' argument that states have to choose between launching their own exchanges or giving up subsidies, according to The Wall Street Journal. Kennedy also characterized as "powerful" the Obama administration's argument that the health-care law would disintegrate if the subsidies were struck down in most states, as the plaintiffs request. Justice Ruth Ginsburg said there would be disastrous consequences for states that haven't created their own exchanges if the court decides in favor of the plaintiffs, while Justice Sonia Sotomayor said that no one would use the federal exchanges if they could not get subsidies through it, The Journal reported. Justice Breyer said he thought that the law indicates that the federal government should run exchanges if states decline to do so, while Justice Kagan suggested, using an analogy, that it would be natural for the federal government to provide subsidies for residents of states that decline to operate exchanges, the newspaper reported. PRICE ACTION: In late morning trading, Community Health (CYH) rose 5% to $52, HCA Holdings (HCA) gained 6% to $75, Tenet Healthcare (THC) rose 5% to $49.50, and LifePoint (LPNT) advanced 2.5% to $73.
February 27, 2015
16:57 EDTLPNTLifePoint files automatic mixed securities shelf
February 23, 2015
19:40 EDTLPNTLeerink healthcare services analyst holds an analyst/industry conference call
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use