The day after President Barack Obama’s re-election, publicly traded health care industry stocks shot up.
It was a strong indication, one hospital consultant said, that major health systems view the implementation of health reform, or “Obamacare,” as a net gain for the industry: Bottom line, it will help expand revenue for hospitals.
Some states, including Missouri, have balked at creating state-based insurance exchanges through which individuals can buy lower-cost, private health insurance. If the state fails to act by the end of this year, the federal government plans to install an insurance exchange for Missourians in 2014.
St. Louis hospitals told the St. Louis Post-Dispatch that election results in Missouri will not prevent them from implementing Affordable Care Act provisions.