Chart of the Day: Healthcare Industry Approves of Obamacare Decision

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They might not have said so very loudly, but the health care industry really didn’t want to see Obamacare gutted by the Supreme Court. They’ve invested a lot of money into adapting to it, and to them it’s not socialism run amok or looming tyranny. It’s a positive development that’s bringing American health care into the 21st century. As you can see in the chart below, Wall Street reflected this. When the Supreme Court’s decision was announced, everyone breathed a sigh of relief and health care stocks soared.

Obamacare: Good for America, good for business.