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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