Thursday, September 10, 2009

Health Insurance Parasites' Stocks Gain, Post-Speech

Well, I was just completely surprised. You could knock me over widda feather. Nobody could EVER have anticipated this, via Yahoo BizNooz:
Health insurance stocks (.HMO) rose 1.5 percent after President Barack Obama played down the importance of a government-run option in a speech on Wednesday, a sign elements of the plan may be altered to soothe opponents. Critics say reforms will be expensive and could distort the existing market.

Cheaper, watered-down U.S. healthcare reform could help provide the next leg up for equity markets, said Linda Duessel, market strategist at Federated Investors in Pittsburgh.

"It will be very expensive as it stands right now," said Duessel. "To the extent that it comes down a little bit, the market should like that. If for whatever reason they wouldn't be able to come up with any conclusion here and it fails, the market might really like that."

Aetna Inc (AET.N) rose 1.2 percent to $29.60 and WellPoint Inc (WLP.N) was up 1.1 percent at $53.43.

1 comment:

jack said...

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