Health Insurance Stocks Soar on Baucus Deal News

[kpete]

Health Insurance Stocks Soar on Baucus Deal News
By: Teddy Partridge Wednesday July 29, 2009 6:02 am

News that Senator Max Baucus' Finance Committee deal on health care financing excluded a public option sent health insurance stocks soaring Tuesday.
http://www.nytimes.com/reuters/2009/07/28/us/politics/politics-us-usa-healthcare.html?_r=1&scp=2&sq=senate%20may%20drop%20public%20health%20care%20option&st=cse

Shares of U.S. health insurers rose broadly on Tuesday on hopes a health reform bill would not include a government-run option, which has drawn strong opposition from insurers who fear it would destroy the private marketplace.

The S&P Managed Health Care index of large U.S. health insurers closed 6.5 percent higher.

Aetna rose 12.6 percent, Coventry was up 12.7 percent and Cigna was 7.7 percent higher, all on the New York Stock Exchange. Centene rose 7.9 percent.

more at:
http://campaignsilo.firedoglake.com/2009/07/28/health-insurance-stocks-soar-on-baucus-deal-news/

[Captain Hilts]

1. A perfect sign that a public option is going down the drain, fast. nt

[Teaser]

4. tell, me...how many committees have reported out a public option

and how many haven't.

That matters, you know.

[John Q. Citizen]

8. If you know more than the investors, you should be selling short.

[Autumn]

2. Why am I not surprised ?

:nuke:

[crazylikafox]

3. Yep. That was the big talk on CNBC yesterday. A lot of cheering about no public option.

[Odin2005]

5. Fuck Baucus!

:grr:

[global1]

6. Why Is It When I Think Of Insurance I Think Of Ganster Or Mafia Type Movies .......

where you got the guys going into a business collecting protection money? Huh?

[Canuckistanian]

7. Insurance companies love them some Max Baucus

He keeps the parties going.

[robinlynne]

9. shit.

[Soylent Brice]

10. okay, so when and where is the protest going to be?