Health Insurance Companies Stock Rising By Double Digits

(H/T Kathy and CountUsOut)

First, I cannot believe there is someone drinking from the cup of reality on  MSNBC.  Who left the door open, why did this guy wander in, and does he realize where he is?

The link below of an interview between Debbie Wasserman (D-FL) and Dylan Ratigan was dropped in comments on another post.  What is more interesting to me than the verbal trainwreck between these two people is the fact that health insurance companies’ stock is rising by double digits (in some cases) since 11.17.09.  Y’all are smart people, and smart people know that the government (Senate) is handing the American peoples’ heads on a platter to the insurance companies with this health care bill.  Just take a look at the monopoly that certain states have arranged with health care companies.  If I want to buy a policy for my child now, I have one choice and none of his current doctors are covered.

Lookie, Lookie - Hawaii is #2!
Lookie, Lookie - Hawaii is #2!

But what is even more important are these stocks rising because the trading public knows that HC insurance companies are about to get a windfall.

Rising HC Insurance Stocks

Debbie Wasserman Shultz get’s smacked down by Dylan Ratigan Morning Meeting 12-18-09 (6 minutes of talking over each other.)

By Logistics Monster


  • Ratigan is right, the insurance companies are certainly getting a windfall because the Senate bill and the House bill both require everyone to either have insurance or pay a fine. Many of the young and the healthy will opt out and pay the fine but millions more will buy the insurance. The extra cost of covering those with preexisting conditions will be more than offset by have all those extra paying customers. That’s why the stock of those companies is going up.

    Look at how WellPoint is doing over the past year compared with the S&P 500:

    Just look at the insurance companies from a stock trading POV:

    When there was the threat of a public option, the stock was down, but look how it rebounded once it was off the table.

    The HC bills do nothing to reduce costs but do everything to broaden government infrastructure at taxpayer expense. Simple measures like tort reform and interstate competition would do wonders to lower premium prices but no, we can’t have that.

  • no-nonsence-nancy -

    It reminds me of the song, “Roll Out The Barrels, we’re going to have a barrel of fun”. Anyone remember that one? I’m probably aging myself. I hope they have a barrel of fun on their cots in their jammies tonight. Are they going to crank up the heat in the Capitol using all those bad fossil fuels at our expense? It’s pretty frigid here. I hope they have jammies with feet in them. Harry can have King Kong on his. Spector’s can have weasels. If Nancy is around she can have sharks on hers.

  • Crony Capitalism!
    Obama and Dems are selecting which companies profit!
    The taxpayers who have health insurance will be paying a tax,
    except for Obama’s friends. The 30 million illegals, pardon me, soon to be legalized immigrants will be on the public dole.

    Obama will raise our taxes to get the economy moving!!!

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