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Healthcare stocks tank as Ruth Bader Ginsburg death endangers Obamacare - Business Insider

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Healthcare stocks plunge amid broad market rout as Ruth Bader Ginsurg's death creates uncertainty around Obamacare

Healthcare stocks tumbled on Monday after the death of Justice Ruth Bader Ginsburg sparked concerns that the Supreme Court may dismantle Obamacare and roil the health insurance industry.

Senate Republicans and the Trump administration have already set out to fill Ginsburg's court seat ahead of the US presidential election in November. Should their efforts succeed, a strong conservative majority in the nation's highest court is more likely to gut the Affordable Care Act.

More than 20 million Americans depend on the ACA for their health insurance. A reversal of the law would all but certainly lower revenue across insurers, hospitals, and other healthcare companies. A final decision on the Obamacare challenge is expected in the first half of 2021.

 

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Supreme Court Justices mourn the death but praise the legacy of Ruth Bader Ginsburg - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Remember her well There should be FIRM limits for retirement age of any federal court judge. At age 87... nobody has the MENTAL ability to make any intelligent court decision. We had not the Ruth Bader Ginsburg but her inexperienced juvenile assistants making the laws for our Nation... She should be RETIRED at age 70. There must be FIRM limits for retirement age of any federal court judge. At age 87... nobody has MENTAL ability to make any intelligent court decisions. Not the Ruth Bader Ginsburg but her inexperienced juvenile assistants were making the laws...
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