More Limbo on Healthcare Reform is Bad News for Hospital Stocks

Majority Leader McConnell is trying to win over the most conservative members of his caucus while retaining moderates who want to preserve some elements of Obamacare.

Shares of Magellan surged during mid-morning climbing 4.51% within the first hour.

To ensure passage, Mitch McConnell will have to navigate a treacherous obstacle while the clock is ticking.

Enactment of the Senate would cause a rise in the uninsured and end Medicaid expansion in 2024.

The latest CBO numbers are critical because Senate Republicans must decide whether to revise House bill or start from scratch.

Pre-Existing conditions must be covered in health care reform, according to Carly Fiorina, a former 2016 GOP Presidential candidate.

Industry experts expect cuts to coverage and as a result, fewer patients seeking treatment.

The promise of a future vote was made to secure support for this week's legislative package from Rep. Lou Barletta R-Penn.,

"For 2023, we again expect solid growth in our two most important measures of success: revenue and free cash flow," said CFO Jim Kavanaugh.

"I am deeply sorry for the impact to our employees and customers," said Southwest CEO Bob Jordan.

"We achieved these results while continuing to invest in broadband, our 10G network evolution, Xfinity Mobile, Peacock, and theme parks, and we also took cost actions to further our growth in the future," said CEO Brian Roberts.