[lbo-talk] 5-38 on health insurance stock rise

Left-Wing Wacko leftwingwacko at gmail.com
Mon Dec 21 11:34:46 PST 2009


http://www.fivethirtyeight.com/2009/12/insurance-stocks-rise-on-news-of-health.html
>From the conclusion:

"The bottom line is that, by the stock market's estimation, the private health care industry appears as though it will benefit if the Senate enacts its plan. But the benefit -- about $16 billion in discounted cashflows -- is small as compared to the total magnitude of the program, and likely reflects an increase in the size of their customer base rather than any anticipation of higher profit margins. "

My comment: Yeah, well it beat the hell out of going out of business because of a single-payer plan!



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