Healthcare Stocks Jump On Biden's Super Tuesday Victories

[peoli]

Source: Forbes

Topline: Shares of healthcare stocks soared on Wednesday after former Vice President Joe Biden’s strong performance on Super Tuesday, indicating the market’s belief that Medicare For All plans will dwindle.

United Healthcare Group, which insures nearly 50 million people and brought in $240 billion in revenue last year, climbed 9.3% to $285 per share on Wednesday morning while Anthem, the country’s second largest insurer, shot up 14.6% to $293 per share; Cigna climbed 10.7% and Humana saw a bump of more than 13%.
As part of his healthcare plan, Biden has pledged to expand the Affordable Care Act (ACA) that he helped bring into law during the Obama administration and establish a new public insurance option.

“Maintaining the status quo is fantastically profitable for these companies,” says Harris Financial Group advisor Jamie Cox. “The ACA set about the pathway for health insurance companies to merge, get bigger and become dominant players in the marketplace, and they are earning the profits to prove it.”

Read more: https://www.forbes.com/sites/sarahhansen/2020/03/04/healthcare-stocks-jump-on-bidens-super-tuesday-victories-heres-why-they-prefer-him-over-sanders/

---

“Maintaining the status quo is fantastically profitable for these companies,” says Harris Financial Group advisor Jamie Cox. “The ACA set about the pathway for health insurance companies to merge, get bigger and become dominant players in the marketplace, and they are earning the profits to prove it.”

Not fundamentally or systemically changing anything is what a Joe Biden presidency will accomplish for America

[guillaumeb]

1. Healthcare industries benefit as citizens lose.

Which indicates that the fight for a patient centered healthcare system is far from over.

[Peregrine Took]

2. Some vote for thier interests some vote on their emotions.

I wish there were more of the former.

[PatSeg]

3. Joe wants a public option

We need to elect enough Democrats to congress to get it passed. Obama wanted a public option to be part of the ACA, but it was blocked by republicans and few blue dog Democrats.

A president can only do as much as congress will allow. Down ballot races are important.

[Traildogbob]

4. Was it Biden or...

The cash they see making off of a pandemic. Purell stocks must be up 1,000 percent. There is money to be made from sick Americans, especially if we believe it is pay or die. God be Blessin us here in MurKKKa. He sent tRump to protect his flock. He sent tornados to block voting on Super Tuesday. What a guy. Jesus loves us this I know, cause the bible tells me so.

[peoli]

5. A Biden victory is a defeat for Medicare for All

[Traildogbob]

6. Depends

It will take a Senate and Congress majority to get anything in health care. Public option can be a start. But we must remember, GOP is poised to destroy ACA through a current court case. We do know, damn well, Biden will at least not let that happen. Maybe he can chose a VP that has a number one mission, Health Care.

[3Hotdogs]

8. Beatles: "He loves you, yeah, yeah, yeah --"

[ProfessorGAC]

10. Purel Is Made By GoJo

They are privately held, so no stock, although they have a generous employee ownership plan.
I've been to their main facility and they are shipping June product right now.
The Purely area of the plant is a small scale, highly sanitary operation, so they are unlikely to have a huge excess capacity to ramp up.
But, at wholesale, they are unlikely to have huge leverage on price over their buyers.
So, I don't think they're making a killing over this.

[Traildogbob]

11. Great product

Spoke with an office manager at the College I retired from. She just tried to order a large batch to place in classrooms and Labs from Amazon. They where out of stock. Backup, Mountain Corn in a Mason Jar mixed with Aloa Vera. You know the good ole boys up in the hills will price gauge. Corn has sky rocketed thanks to tRump and trade wars😁.

[ProfessorGAC]

12. The Retailers Are Those In Position...

...to do the gouging you are suspecting. But, GoJo has contracts with their customers. Those prices are set. It's GoJo's customers that are in a position to exploit this situation.
And, they probably will!

[Traildogbob]

13. Thanks.

Street level dealers, WalMart, will cut it 30 percent with water and raise the price. Entrepreneurs.

[MarcA]

7. Most of the U.S. public apparently wants a return to Normalcy. n/t

[3Hotdogs]

9. To me, its a gamble between just wanting to get rid of Trump and gaining nothing else, (Biden)

or hoping to make things somewhat better but maybe not winning the presidency. (Bernie)

[Strelnikov_]

21. I agree. With Coronavirus now looming

people are voting on a cold war footing. Stability for now.

And, admittedly, probably not a bad thing.

But the liberal bashing of the last few weeks has left me with the realization I have no party that supports my views. Welcome to Mexico circa 1988.

[wackadoo wabbit]

14. This doesn't surprise me at all

In fact, it's totally expected. These companies are making fortunes from our current healthcare system, which is bleeding our citizens dry; and Biden will perpetuate that.

This is very sad.

[Steelrolled]

15. "Maintaining the status quo is fantastically profitable for these companies"

That is it in a nutshell.

[Locrian]

16. recommended++ follow the money. Always follow the money - n/t

[MissMillie]

17. I think this need a different title

"Health Insurance" stocks.... not Healthcare stocks.

[mmbrevo]

18. Woo hoo!

No MCA. Let's continue to gouge sick people.

[rwsanders]

19. Can I hang out with just the people in this thread?

[Strelnikov_]

20. Go team Go . . more of the same . . Go team Go n/t