Sector Snap: Managed care shares jump

[Freddie Stubbs]

Source: Associated Press

Managed-care stocks bucked a lower market Tuesday, trading higher as an analyst said the White House had signaled it would be open to negotiation on a public insurance option in its drive to reform health care.

While President Barack Obama reiterated his support for a government-run plan that would compete with private insurance in a statement Tuesday, Deutsche Bank analyst Scott Fidel said in a note to investors that the White House would be open to a "public plan trigger scenario."

The Obama administration and some prominent Democratic lawmakers have pushed hard for a public insurance option that would offer cheaper insurance than the managed-care companies. Republicans have strongly opposed the idea.

Fidel said this alternative would mean that a public option would only be "triggered" down the road if the private insurers fail to make their own plans competitive enough for consumers.

Read more: http://www.forbes.com/feeds/ap/2009/07/07/ap6626244.html

[tomm2thumbs]

1. ... judged by whom? stockholders in those companies? trigger my a**

[pattmarty]

2. FUUUUUUUUUCCCCKKKK!!!!!!!! That is change you can stick in your ass!!!!!

[ladywnch]

3. all they'll end up doing is cutting coverage along with premium costs

they'll claim they're bringing down costs but they'll actually be cutting coverage.