Obama's Healthcare Unconstitutional? (PFE, UNH, HUM, WLP)

A federal judge is expected to rule Monday that Obama administration's healthcare reform law is unconstitutional. This case is one of many lawsuits in the U.S. Current rumors are high that U.S. District Court Judge Henry E. Hudson in Richmond, Virginia will do likewise. Virginia Attorney General Ken Cuccinelli filed the lawsuit in March after President Obama signed the healthcare reform into law. Cuccinelli argued the statute is unconstitutional because it forces Americans to buy health insurance and fines them if they don't. There is a similar cases before courts in Florida, and Monday's ruling in Virginia might escalate to take the case all the way to the U.S. Supreme Court. These rumors affect all major healthcare stocks, including Pfizer PFE, Humana HUM, UnitedHealth Group UNH, and WellPoint WLP. All stocks found increased volatility following the coverage of these rumors by Bloomberg TV.