The House voted, and health stocks shrugged.
Hospital and health insurance stocks quickly bounced back after the U.S. House of Representatives voted for a bill that would repeal large parts of Obamacare but faces a tough road in the Senate. In the minutes after the vote, the BI North America Hospitals Index fell as much as 1.6 percent before reversing to close up 0.2 percent.
The Republican bill, formally known as the American Health Care Act, passed by a vote of 217-213, would cut billions of dollars in health-care spending and result in millions more Americans going without health insurance, according to the Congressional Budget Office.
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