Wednesday, July 8, 2009

Health-care stocks surge as broad market falls

The Wall Street Journal reports that Tuesday's healthcare stocks surged thanks to comments from Cheif of Staff Rahm Emanuel. Emanuel said the administration is open to negotiating a means for stiffer competition among private insurers. "The goal is to have a means and a mechanism to keep the private insurers honest," he said in an interview with The Wall Street Journal. An early report in the Washington Post said hospitals will contribute $155 billion over 10 years toward insuring the nearly 50 million Americans who do not have coverage.

Will we see a continued surge in healthcare stocks? We'd like to hear your predictions.

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