If we were to draw two columns — one for winners from the Patient Protection and Affordable Care Act, or PPACA, and another for losers — the word “hospitals” would probably be listed near the top in the winner’s column. Large hospital chains Health Management Association (NYSE: HMA ) and Tenet Healthcare (NYSE: THC ) , have seen their stocks more than double over the past year, whileCommunity Health Systems (NYSE: CYH ) is up around 75%.
Investors flocked to hospital stocks in anticipation of the full implementation of PPACA, commonly referred to as Obamacare. In the minds of many, Obamacare presented a dream come true for helping hospitals to flourish. But could that dream now be turning into a nightmare for the industry? Click Here for the rest of the story….