- According to House Speaker Paul Ryan, the president today "hit it out of the park," in his trip to Capital Hill to convince GOP members to vote for the Obamacare repeal.
- The quick take is that the proposed replacement would cover fewer people, meaning less money/more unpaid bills for hospitals.
- The Bloomberg Intelligence North America Hospitals Index today fell as much as 5.5%, led by by Quorum Health (QHC -9.8%), Community Health (CYH -7.2%), Tenet Health (THC -5.5%), HCA Holdings (HCA -1.3%), and LifePoint Health (LPNT -1.2%).
- Mizuho says Quorum has "material" Medicaid expansion exposure with limited operation scale, and thus fewer ways to offset any rollback. LifePoint and Tenet also have Medicare exposure.
- HCA remains best-positioned to weather the challenges.