Values of Health Care Stocks Increase Fearlessly (3)
HealthyLiving: Values of Health Care Stocks Increase Fearlessly
as Public Option Is Dead
Wall Street Celebrates Senate's "Significantly Watered Down" Health Care Bill
Dear Friends,
Wall Street is celebrating "Health Care Reform." According to an industry insider report yesterday by MarketWatch (Gibson and Britt) health care stocks rallied as the bill moved through the Senate, particularly since there is no public option in the bill to compete or compare with insurance company rate-making.
"Health care investors find themselves having confronted their greatest fear, and, while there will be legislation, it will be significantly watered down ..." said Mike O'Rourke, chief market strategist at BTIG LLC. As a result, shares of Aetna gained 4.7%, while Cigna rose 3.9%. United Health and Wellpoint "rallied to 52-week highs."
Once the bill becomes law, insurance companies will gain at least 26 million new customers and as much as $50 billion in new annual revenue from private-pay and from government subsidies as people will be required by law to purchase private insurance. While certain expenses are capped in the bill, it appears that premium costs are not.
The Senate's move prompted Gregory Nersessian of Credit Suisse to raise his price targets [predicting greater strength of stock performance] on seven insurers: Aetna, Cigna, Amerigroup Corp., Humana Inc., Molina Healthcare Inc., UnitedHealth Group Inc. and Wellcare Health Plans Inc.
" ... the is a positive first step" Nersessian said in a note to clients. "The heavy lifting will come when Congress is forced to slow the rate of medical cost growth through more aggressive payment restrictions and utilization controls down the road," he said - meaning that this particular industry insider is predicting limitations on benefits.
Marketwatch also wrote that none of the new standards on how much the industry must spend on medical expenses will "impose great hardship on any insurers."
Tomorrow: My analysis of the health care legislation as it currently stands.
Sincerely.
Dennis Kucinich
as Public Option Is Dead
Wall Street Celebrates Senate's "Significantly Watered Down" Health Care Bill
Dear Friends,
Wall Street is celebrating "Health Care Reform." According to an industry insider report yesterday by MarketWatch (Gibson and Britt) health care stocks rallied as the bill moved through the Senate, particularly since there is no public option in the bill to compete or compare with insurance company rate-making.
"Health care investors find themselves having confronted their greatest fear, and, while there will be legislation, it will be significantly watered down ..." said Mike O'Rourke, chief market strategist at BTIG LLC. As a result, shares of Aetna gained 4.7%, while Cigna rose 3.9%. United Health and Wellpoint "rallied to 52-week highs."
Once the bill becomes law, insurance companies will gain at least 26 million new customers and as much as $50 billion in new annual revenue from private-pay and from government subsidies as people will be required by law to purchase private insurance. While certain expenses are capped in the bill, it appears that premium costs are not.
The Senate's move prompted Gregory Nersessian of Credit Suisse to raise his price targets [predicting greater strength of stock performance] on seven insurers: Aetna, Cigna, Amerigroup Corp., Humana Inc., Molina Healthcare Inc., UnitedHealth Group Inc. and Wellcare Health Plans Inc.
" ... the is a positive first step" Nersessian said in a note to clients. "The heavy lifting will come when Congress is forced to slow the rate of medical cost growth through more aggressive payment restrictions and utilization controls down the road," he said - meaning that this particular industry insider is predicting limitations on benefits.
Marketwatch also wrote that none of the new standards on how much the industry must spend on medical expenses will "impose great hardship on any insurers."
Tomorrow: My analysis of the health care legislation as it currently stands.
Sincerely.
Dennis Kucinich
Dear Zeus...the public option was the one thing that sort of compensated for this whole hideous mess. Now all you're going to have is people forced to buy (probably inflated) health insurance - and they're calling that a "reform"???
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Ambrose2007: Dear Zeus...the public option was the one thing that sort of compensated for this whole hideous mess. Now all you're going to have is people forced to buy (probably inflated) health insurance - and they're calling that a "reform"???
I am watching the Senate debates continue and they will be voting very early in the morning.
To quote some Senators who are fighting against this Bill...
"Americans will be getting a lump of coal for Christmas this year"
Problem is that the Americans who are FOR this bill, do not understand what this Bill does!!
I talked with a friend on the phone this morning. He's a truck driver with a family. He thought this Bill would give ALL Americans Universal Health Care paid for by the Government!
When I informed him that it absolutely would not, that it makes it mandatory for Americans to purchase Health Insurance without discrimination from pre-existing conditions and that 24 Million Americans would be excluded, that there would be limitations on coverage, and Medicare benefits will be cut, he was SHOCKED
to say the least!! I also mentioned that TAXES will increase tremendously beginning January 1st, 2010 and continue for 4 years BEFORE all of the Bill goes into effect.
There is no Reform in this bill. The Health Care System is in great need of true reform, we all agree.
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as Public Option Is Dead
Wall Street Celebrates Senate's "Significantly Watered Down" Health Care Bill
Dear Friends,
Wall Street is celebrating "Health Care Reform." According to an industry insider report yesterday by MarketWatch (Gibson and Britt) health care stocks rallied as the bill moved through the Senate, particularly since there is no public option in the bill to compete or compare with insurance company rate-making.
"Health care investors find themselves having confronted their greatest fear, and, while there will be legislation, it will be significantly watered down ..." said Mike O'Rourke, chief market strategist at BTIG LLC. As a result, shares of Aetna gained 4.7%, while Cigna rose 3.9%. United Health and Wellpoint "rallied to 52-week highs."
Once the bill becomes law, insurance companies will gain at least 26 million new customers and as much as $50 billion in new annual revenue from private-pay and from government subsidies as people will be required by law to purchase private insurance. While certain expenses are capped in the bill, it appears that premium costs are not.
The Senate's move prompted Gregory Nersessian of Credit Suisse to raise his price targets [predicting greater strength of stock performance] on seven insurers: Aetna, Cigna, Amerigroup Corp., Humana Inc., Molina Healthcare Inc., UnitedHealth Group Inc. and Wellcare Health Plans Inc.
" ... the is a positive first step" Nersessian said in a note to clients. "The heavy lifting will come when Congress is forced to slow the rate of medical cost growth through more aggressive payment restrictions and utilization controls down the road," he said - meaning that this particular industry insider is predicting limitations on benefits.
Marketwatch also wrote that none of the new standards on how much the industry must spend on medical expenses will "impose great hardship on any insurers."
Tomorrow: My analysis of the health care legislation as it currently stands.
Sincerely.
Dennis Kucinich