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Stock impact report

U.S. healthcare shares climb as investors see upside from Republican tax bill [Reuters]

Community Health Systems, Inc. (CYH) 
Last community health systems, inc. earnings: 4/28 04:15 pm Check Earnings Report
US:NYSE Investor Relations: chs.net/investor-relations
Company Research Source: Reuters
U.S. healthcare shares climb as investors see upside from Republican tax bill | Reuters 3 Min Read NEW YORK (Reuters) - Shares of U.S. healthcare companies mostly climbed on Wednesday, as investors saw some potential upside for the stocks from a Republican-led bill to cut taxes. Hospitals were among the biggest gainers on the day, with Community Health Systems ( CYH.N ) up 6.2 percent and shares of Tenet Healthcare ( THC.N ) up 5.2 percent. “We see tax reform as providing a durable benefit to healthcare services companies,” Bernstein analysts wrote in a research note. “Healthcare services companies generally pay the full 35 percent corporate tax, as domestic companies with limited adjustments.” Possible changes to the Affordable Care Act and fees paid by health insurers could also benefit healthcare companies, they said. “These changes are more likely to be included in the debt ceiling or budget legislation, but could be included in tax reform,” the Bernstein analysts wrote. Congr Show less Read more
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