Health Care Shares Rise As Traders Bet ACA Will Survive - Health Care Roundup

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Shares of health-care companies rose as traders bet the Republican Senate will leave the Affordable Care Act more or less intact. The Republican-controlled Congress is struggling to overcome intraparty fissures that emerged with the rise of the Tea Party in 2010 and that could derail their health-care drive, The Wall Street Journal reported. A tweaked rather than repealed "Obamacare" could boost the outlook for health insurers and hospital operators. Shares of Global Blood Therapeutics rose after the European drug agency assigned its sickle-cell disease drug priority status.

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-Rob Curran, rob.curan@dowjones.com

(END) Dow Jones Newswires

June 28, 2017 16:43 ET (20:43 GMT)