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Hospital stocks fall after Republican health bill seen leaving 24 million uninsured

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Shares of hospital stocks were sharply lower in early trading on Tuesday after the U.S. Congressional Budget Office forecast that 14 million Americans would lose medical insurance by next year under a Republican plan to dismantle Obamacare.

Shares of HCA Holdings fell 1.8 percent, Tenet Healthcare fell 4.6 percent, Community Health Systems was down 2.8 percent and LifePoint Health was down 1.9 percent.

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The S&P 500 healthcare sector was off 0.16 percent.

“While the CBO’s estimate… is a negative headline for hospitals, we believe that in its current form, the bill’s chances of passing are slim,” Jefferies analyst Brian Tanquilut said in a research note.

Tanquilut said he believed legislators “will eventually draft a more palatable, diluted version of ‘repeal and replace’ that would have a smaller impact on the number of uninsured.”

The Affordable Care Act of 2010 expanded medical coverage, aiding hospitals by reducing the number of uninsured patients who could not pay bills. Hospital stocks sold off after the Nov. 8 presidential election of Donald Trump, who vowed to repeal former President Barack Obama’s signature domestic policy legislation.

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The CBO forecast that 24 million people would be uninsured in 2026 if the plan being considered by the House of Representatives were adopted. Some health policy experts and Wall Street analysts said the report was more draconian than expected, with the uninsured rate declining more quickly than foreseen.

Health insurer stocks also fell, though their moves were less steep.

UnitedHealth Group Inc was down 0.2 percent, Aetna Inc down 0.5 percent and Humana Inc down 0.1 percent.

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(Reporting by Megan Davies; Editing by Dan Grebler)


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‘Martyrdom for snowflakes’: CNN analyst knocks Republicans who desperately wanted to be arrested at protest

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CNN host Don Lemon reported Wednesday evening that many Republicans wanted to be arrested for storming the secure room where the House Intelligence Committee depositions were taking place.

Fox News reporter Chad Pergram tweeted that he was told "there was never any chance [members] who barged into SCIF would be arrested by [capital police], but some members asked to be arrested. They wanted the optic of being frog-marched out of the SCIF in front of TV cameras. That would help w/GOP narrative of Dem process abuse."

https://twitter.com/ChadPergram/status/1187173332682182656

Commentator Wajahat Ali called it the perfect example of "martyrdom for snowflakes."

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Seth Meyers says Republicans storming classified room looked like a protest at a pharmacy that ran out of Viagra

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"Late Night" comedian Seth Meyers couldn't help but lambast the far-right Republicans angry that they're not being included in the depositions ahead of the impeachment hearings.

Wednesday, Republicans stormed a secure room known as a SCIF (Sensitive Compartmented Information Facility), because they seemed to misunderstand the difference between a deposition and a hearing. In Congressional hearings, witnesses will be presented for members of the committee to question. In a classified deposition, the witness can give information that is considered classified for security reasons. Oddly, some members who are allowed in the room were also protesting.

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WATCH: CNN’s Don Lemon bursts out laughing over Trump’s new wall in Colorado

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CNN's Don Lemon typically deals with difficult and intense topics at the top of his weekly show. Wednesday night, however, after a serious opener about Syria and ISIS, Lemon broke into hysterics over President Donald Trump's flub saying he would build a border wall on Colorado's border.

"You know why we're going to win New Mexico? Because they want safety on our border. And they didn't have it," said Trump. "And we're building a wall on the border of New Mexico. And we're building a wall in Colorado. We're building a beautiful wall, a big one that really works — you can't get over, you can't get under. And we're building a wall in Texas. And we're not building a wall in Kansas, but they get the benefit of the walls that we just mentioned. And Louisiana's incredible."

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