Hospital stocks rally on Obamacare ruling

Democratic Congressman Xavier Beccerra said before today’s ruling that the decision would show “whether there are nine people in the Supreme Court who are going to try to do the bidding of special interests or who are actually listening to the needs of the American people guided by the Constitution of the United States.”

That’s been the Democratic frame for Obamacare all along — Democrats vs. “special interests.”

Beccerra and Democrats should pay closer attention.

For one thing, the American Hospital Association filed a brief urging the Supreme Court to uphold the law. It’s no wonder — the bill guarantees tons of subsidies and lowers the amount of uninsured patients they have to cover.

And look at the picture below, of how the stocks rallied when the ruling came out.

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