Obamacare - Check out the Market Response

• Date: April 06, 2010
• Source: Admin

The run-up to the U.S. health care overhaul instilled a lot of fear in a lot of people, if some of the incendiary comments from Republicans were any indication. But a day after the House of Representatives voted in favour of a $940-billion (U.S.) bill that amounts to one of the most sweeping changes in the country's health care in decades, the stock market reacted with a collective shrug.

Despite early jitters, the stock market didn't dive and health care stocks in particular weren't torpedoed. Within the S&P 500, health care equipment stocks rose, health care facilities stocks rose, health care distributors rose and pharmaceuticals rose. Managed health care stocks did fall, but by all of 1.1 per cent.