Hospital Groups on Senate Health Bill: Go Back to Drawing Board
- Health stocks higher as investors relieved it’s not worse
- Biggest trade groups warn bill puts poor patients at risk
Here's What's in the Senate GOP Health Bill
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Hospital trade groups had one message to the small group of Senate Republicans who released their health bill after two months of closed-door meetings: “Go back to the drawing board.”
While U.S. hospital and other health-care stocks rallied Thursday, with a sense of relief that the spending reductions contained in the plan weren’t as deep, or fast, as investors anticipated, the biggest hospital associations in the country lambasted the proposal. The Better Care Reconciliation Act, which would replace Obamacare, puts the health of millions of poor, elderly, disabled and chronically ill patients at risk, said Rick Pollack, chief executive officer of the American Hospital Association.