The prospect of potential Medicare cuts in a debt ceiling deal pressures hospital and...

|By:, SA News Editor

The prospect of potential Medicare cuts in a debt ceiling deal pressures hospital and managed-care stocks, negating Humana's (HUM -2.3%) solid Q2 results. The deal includes preset cuts that kick in if Congress doesn't adopt sufficient savings in a second wave of deficit reduction. Among hospitals: HCA -7.2%, [[UHS] -8.2%. In managed care, HUM and UNH -3.8% slip.