Stock prices of health insurance companies plummet

[Nye Bevan]

because Obamacare benefits consumers but hurts the insurers' profits.

Wellpoint Inc. (WLP, Fortune 500), Unitedhealth Group (UNH, Fortune 500), Aetna Group (AET, Fortune 500), Humana Inc. (HUM, Fortune 500) and Cigna Health Group (CI, Fortune 500) all dropped between 2% to 5%.

http://money.cnn.com/2012/06/28/investing/healthcare-stocks/index.htm

And some DUers are mad about this?

[sharp_stick]

1. The word plumets may be a bit harsh

but I'm not surprised to see them down quite a bit. The rules now in place are going to put a serious dent in their overall ability to make money for the shareholders.

They'll still be profitable, probably obscenely profitable, but they will be handcuffed to a much larger extent than the shareholders would like.

[KansDem]

2. Get Mad: Health Care CEOs Now Make More Than Bankers

From 2011--

While the Time's Person of the Year has been distracted protesting the financial industry, the salaries of healthcare CEOs have been skyrocketing. The same American companies that are fighting health care reform are making Wall Street's famously inflated compensation packages -- that means paychecks as well as stock options -- look minuscule in comparison. The latest statistics show that not a single banker made it onto the list of top ten best-paid executives this year. The Guardian's Dominic Rushe offered up a few startling figures in his report on the newly released GMI Survey of CEO pay in 2010. Three of the top ten best-paid CEOs run health care companies:

John Hammergren, CEO of McKesson Corporation (a pharmaceutical company): $145,266,971

Joel F Gemunder, CEO of Omnicare (a pharmacy for the elderly): $98,283,242

Thomas M Ryan, CVS Caremark Corporation (a pharmacy for everybody): $68,079,823

If you're having a hard time stomaching the idea of paying health care executives nine-figure-sums as rising health care costs are making some Americans homeless, the story does have a bright side. Bankers' salaries are sinking fast.

http://www.theatlanticwire.com/business/2011/12/get-mad-healthcare-ceos-now-make-more-than-bankers/46213/

[Nye Bevan]

4. Prior to Obamacare taking effect, of course (nt)

[Dawson Leery]

3. Obamacare is already working!

[wandy]

5. Sorry to keep repeating myself, but I just have to say it again........

All righty then! Yippie! High five! It's a good thing!
Shout it from the roof tops.
Ring those bells.
We win one!
We haven't cured the common cold, but at least the common cold isn't the road to bankruptcy.
Are you better off today than you were four years ago?
Dam straight you are!

[cbdo2007]

6. Stock prices of coffee companies plummet on ACA news....

SBUX -1.52%
CBOU -1.49%
DNKN -3.27%
JVA -0.47%

See, you can play this stupid stock game with anything. hahahahaha

[demosincebirth]

7. We're starting to sound like typical repubublicans using "Obamacare" instead of the proper name.

[rurallib]

8. Obama Cares?

I like that!
turning lemons in lemon fresh air freshener.

[Nye Bevan]

9. I've always said we should embrace the term.

By the time everyone understands its provisions, Romney is going to look like the ultimate asshole for wanting to repeal it.

Obama cares. Romney doesn't give a shit.

[Motown_Johnny]

10. Buy on the rumor, sell on the news... nothing to see here

they will rebound.