Health Insurance Stocks Rally on Biden Campaign Comeback

[G_j]

https://www.bloomberg.com/news/articles/2020-03-04/health-insurer-stocks-advancing-on-biden-campaign-comeback?sref=vuYGislZ

Health insurers led U.S. stock market gains Wednesday after Joe Biden’s once-faltering Democratic presidential campaign was reanimated on Super Tuesday.

Wall Street looks on a candidacy of the former vice president more favorably than that of Senator Bernie Sanders, who has campaigned on the promise of Medicare-for-all, which poses the greatest threat to private insurers.



Biden favors building upon Obama’s Affordable Care Act, which could prove a boon to those with ties to government health-care programs. Insurers Anthem Inc. and UnitedHealth Group Inc. both had the biggest gain since Oct. 2008, climbing as much as 16% and 13% respectively.

..more..

[InAbLuEsTaTe]

1. Yayyyy... health insurance company profits are looking up!! Invest, invest...woooohooo!!

Bernie/Elizabeth or Elizabeth/Bernie 2020!!
Either way, they're stronger together & can't be bought!!
Jump on the Bernie Bandwagon & join the revolution!!

[Thekaspervote]

2. We'll get there with coverage for all!!

[Scurrilous]

4. The hue and cry from revolution...

[LonePirate]

6. Are you indirectly cheering price gouging corporations who are nothing but gatekeepers for death?

I guess some Dems would rather take victory laps rather than help their fellow Americans.

[AllyCat]

9. Health insurance is a pox on America. They only seek to deny benefits

and rake in cash. This is not a necessarily a good thing.

[George II]

5. Since the recent drop of ALL stocks was the largest since 2008, it's logical that there would be....

....a big rise soon.

The WHOLE market is up today, not just the cherry-picked health insurance stocks.

The increase today across the board is attributable to the fact that the Democrats now have a viable candidate to take on trump.

[AllyCat]

7. Ugh. I only hope Biden pushes for a public option AND

allows those of us with "employer-provided" crappy health insurance to take it if we don't like our stupid employer plan. We get 3 options: expensive, REALLY expensive, and HSA with a $7000 deductible but we save $85/mo in premiums!! Whoopee!! All have crummy coverage and reimbursement, leaving the employee on the hook for a huge part of the costs.

It sucks. I want to buy into Medicare.

[cilla4progress]

8. He says

he will....

We need the Senate AND House!

[AllyCat]

10. Yup. We need the Senate and House no matter what.