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Health Insurance Stocks Rally With Release Of Baucus Health Bill

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G_j Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-16-09 02:13 PM
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Health Insurance Stocks Rally With Release Of Baucus Health Bill
http://thinkprogress.org/2009/09/16/stocks-baucus /


Health Insurance Stocks Rally With Release Of Baucus Health Bill

Earlier this morning Senate Finance Committee Chair Max Baucus (D-MT) unveiled his committees health care bill, which has no public option and mandates that everyone buy insurance. While Baucus has failed to garner support from any congressional Republicans and has outraged progressives, there has been one very positive response to his proposal.

Following Baucus announcement, HealthNet shares increased by 3%, United Health Group Inc shares rose by 2.7%, Humana Inc. grew by 2.6%, Wellpoint stock gained 1.7% and Aetna Inc rose 1.6%:


Earlier this week, ThinkProgress interviewed Wendell Potter a former health insurance executive who pointed out that every time there is an article in a big newspaper questioning the success of progressives in getting a good bill passed, the stock will go up. The analysts/investors dont think any good reform is going to happen, or anything that would happen that would adversely affect the insurance companies, he said.

In fact, since the President signaled that he is backing away from the public option, health insurance stocks have been on the rise. Health-care investors are starting to breathe a sigh of relief as they feel the worst case could be averted, John Sullivan, director of research at Leerink Swann, told the Wall Street Journal in August. Health-care stocks have risen 22% since late February, when President Barack Obama began his push for an overhaul; the overall market is up 38% between late February and August.
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DesertFlower Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-16-09 02:16 PM
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1. and the rich get richer. nt
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FiveGoodMen Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-16-09 02:16 PM
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2. Not a good sign.
Also not a surprise.
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OhioChick Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-16-09 02:19 PM
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3. Speaks Volumes. n/t
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Stinky The Clown Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-16-09 02:19 PM
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4. I'm shocked. Shocked, I tell you.
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AlinPA Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-16-09 02:20 PM
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5. He delivered for them. Grassley and his cohorts are now doing high fives as their stock
Edited on Wed Sep-16-09 02:21 PM by AlinPA
went up. It looks like Baucus will get another nice big ranch in Montana.
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moondust Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-16-09 02:25 PM
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6. Gov't subsidies to help the uninsured buy insurance!
Windfall!! :party:
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Captain Hilts Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-16-09 08:57 PM
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9. Such a deal!
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kenfrequed Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-16-09 04:40 PM
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7. Feh
If the events are connected it only proves that the rich are salivating over the potential benefit to them of this healthcare bill.
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Captain Hilts Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-16-09 08:57 PM
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8. They've gotten two boosts in two weeks! I'm happy for them...NOT. nt
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