Need to Know
November 8, 2012 5:14 AM
What Obama's re-election means for business
Posted by Staff
The Wall Street Journal reports:

Corporate America never was among those chanting "four more years."

Some business leaders had backed Mitt Romney hoping the Republican would pursue lighter regulation and business-friendly changes to the tax code. After President Barack Obama's victory, CEOs say they are looking for a softening of the standoff between Congress and the president that characterized much of his first term in office.

Here is a rundown of what a number of key industries may see during President Obama's second term: Health Care

President Obama's re-election means the complex health-care overhaul—with its coverage-expanding benefits and new costs for the industry—is here to stay. But questions remain on how the law would be implemented.

That business in general performed better than the slumping broader market, helped by surging shares of hospital companies and insurers that manage Medicaid plans. Hospital companies such as HCA Holdings Inc. HCA +8.63% are expected to benefit when a projected 30 million Americans gain health coverage starting in 2014, which should lessen the burden hospitals bear from indigent patients. HCA surged 9% to $33.85 in 4 p.m. New York trading on Wednesday. Facebook Fark Furl
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