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Health Care Industry Stock Prices... POST HR 3590

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greencharlie Donating Member (827 posts) Send PM | Profile | Ignore Mon Mar-22-10 11:01 AM
Original message
Health Care Industry Stock Prices... POST HR 3590
Just an observation, not an editorial.

AETNA (AET)

Currently trading at a 52 week HIGH, up TODAY.

Wellpoint (WLP) a leading Blue Cross Affiliate

Currently trading NEAR a 52 week HIGH, trading mixed today.

Cigna (CI)

Currently trading NEAR a 52 week HIGH, trading mixed today.

United Health Care (UNH)

Currently trading NEAR a 52 week HIGH, trading mixed today.

Tenet Health Care (THC) a leading Hospital operator.

Currently trading at a 52 week HIGH, up TODAY. YTD up 15%...














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Name removed Donating Member (0 posts) Send PM | Profile | Ignore Mon Mar-22-10 11:04 AM
Response to Original message
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Individualist Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-22-10 11:06 AM
Response to Original message
2. Just as I expected
Insurance companies are the winners with this bill, not the people.
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ixion Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-22-10 11:07 AM
Response to Original message
3. And to think those of us who claimed this was theater were mocked...
here's your answer, right here.

I can here the champagne glasses clinking from here. And to think this was handed to them by people calling themselves progressive. The mind boggles.
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Cal Carpenter Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-22-10 11:10 AM
Response to Original message
4. To be fair
the same could be said for a large portion of the stock market right now, given it's slow improvement over the past year after the big crash last spring.

Not that I don't think there's a point to be made here - I think this bill benefits no one more than the insurance and other health companies and their stock holders - I'm just afraid that this particular piece of evidence doesn't mean much.
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daa Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-22-10 11:36 AM
Response to Reply #4
10. Not really, investment pros
are saying that health care stocks will outperform the market going forward.
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greencharlie Donating Member (827 posts) Send PM | Profile | Ignore Mon Mar-22-10 11:11 AM
Response to Original message
5. Starting last Tuesday...
investors started piling money into major Health Care Industry stocks... the reason for mixed trading today is a level of profit taking. Don't confuse mixed trading TODAY for a lack of enthusiasm from the investors.
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JBoy Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-22-10 11:18 AM
Response to Original message
6. OK, but Health stocks are moving exactly like the overall market over the last year:
Dow Jones Industrial Average (orange) vs S&P Health Care Index (red)

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Lorien Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-22-10 11:19 AM
Response to Original message
7. Just as many of us predicted
If the health insurance vultures "hated" this bill the stock would be tanking. Instead they seem "cautiously optimistic" that it will pass!
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smoogatz Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-22-10 11:24 AM
Response to Original message
8. It's the mandate.
Despite all the new regulation, 32 million new, mostly young and healthy customers will actually help the insurance companies somewhat, yes. It's a trade-off, not a punitive attack on insurers. That's been a given from the very beginning of this process, and shouldn't surprise anyone who's been paying attention. Is it everything you or I want in a healthcare overhaul? Not by a long shot. Is it going to improve the lives of a hell of a lot of people in this country? Yes, it is.
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Faryn Balyncd Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-22-10 11:29 AM
Response to Original message
9. Futures contracts on the American middle class...........?


43% of Americans will be ineligible for subsidies....

Those forced into non-group plans, the CBO estimates will experience an ACCELERATED rate of premium inflation.

Even those still in group plans, the CBO optimistically forecasts will experience "only" the same astronomical inflation in premiums as would have been expected if no bill had been passed.....This despite the fact that the perennial excuse for price gouging ("We have to gouge the insured to pay for all the uncompensated care for the millions of uninsured") should no longer apply.....Only in a system of no-public-option mandated purchase, with neither effective price controls or competition, would corporate interests be able to continue the predatory pricing upon which these inflated premiums rests.

Grayson's Medicare Buy In would have provided the competition that HCR now so conspicuously lacks.....But it was doomed by the deal the for=profit hospital industry made with the WH.

Grayson's bill still would do that, but our leaders seem to consists of hollow rhetoric.

But without providing the middle class with an option to buy in to a fairly priced system......








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Hawkowl Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-22-10 11:46 AM
Response to Original message
11. Don't throw me into that briar patch!
Health insurance companies are doin a Brer Rabbit
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Individualist Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-22-10 12:25 PM
Response to Reply #11
12. and they're rolling with laughter in that briar patch today.
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Lorien Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-22-10 12:53 PM
Response to Reply #11
14. Exactly. So are the repugs.
The Dems have done their dirty work for them.
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blindpig Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-22-10 12:47 PM
Response to Original message
13. Follow the money....

eom.
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Lorien Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-22-10 01:05 PM
Response to Original message
15. Not surprising that this thread is being widely ignored here today. nt
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Lorien Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-22-10 07:52 PM
Response to Original message
16. Any updates? nt
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