Healthcare Providers Trading Down in Pre-Market

Some Healthcare providers are trading down in the pre-market today, after the U.S. cut its reimbursement policy for skilled nursing services. From the press-release: The Centers for Medicare & Medicaid Services today announced a final rule reducing Medicare skilled nursing facility Prospective Payment System payments in FY 2012 by $3.87 billion, or 11.1 percent lower than payments for FY 2011. The FY 2012 rates correct for an unintended spike in payment levels and better align Medicare payments with costs. Kindred Healthcare KND is trading almost 26% lower.
National Healthcare NHC is trading over 5.30% lower.
Sunrise Senior Living SRZ is trading over 5.30% lower.