BUSINESS

Hospital stocks sharply higher after health care ruling

06/28/2012 10:21 EDT | Updated 08/28/2012 05:12 EDT
Stocks of U.S. hospital companies are moving sharply higher after initial reports said the Supreme Court upheld the individual insurance requirement in President Barack Obama's health care overhaul.

HCA Holdings stock is up 10 per cent. Community Health Systems is also up 10 per cent.

Stocks of drug companies and medical device makers are slightly lower for the day as analysts sort through the Supreme Court's ruling.

Stocks of the biggest insurance companies are also lower.