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October 10, 2012 at 09:14 AM
Thursday’s vice presidential debate is expected to deliver another dose of volatility to the stocks of health care service providers like hospitals, nursing homes and home health companies, according to a Jefferies analyst.
Any perceived gain for Republican presidential candidate Mitt Romney and running mate Paul Ryan may be seen as a risk that the Patient Protection and Affordable Care Act (PPACA) could be repealed, analyst Brian Tanquilut said in a research note.
The health care overhaul aims to cover millions of uninsured people starting in 2014, when the state-federal Medicaid program expands and people begin to receive tax credits to help them buy private coverage. Romney has said he will start repealing the law if he’s elected.
The overhaul’s coverage expansions will significantly reduce the uninsured population treated by hospitals and other health services providers, Tanquilut noted, adding the stocks of some of those companies have slipped as Romney made gains recently in pre-election voter polls.
