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Health Insurance Stocks Soar on Baucus Deal News

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kpete Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-29-09 08:52 AM
Original message
Health Insurance Stocks Soar on Baucus Deal News
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/
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Captain Hilts Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-29-09 08:53 AM
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1. A perfect sign that a public option is going down the drain, fast. nt
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Teaser Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-29-09 08:55 AM
Response to Reply #1
4. tell, me...how many committees have reported out a public option
and how many haven't.

That matters, you know.
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John Q. Citizen Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-29-09 09:06 AM
Response to Reply #4
8. If you know more than the investors, you should be selling short.
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Autumn Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-29-09 08:54 AM
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2. Why am I not surprised ?
:nuke:
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crazylikafox Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-29-09 08:54 AM
Response to Original message
3. Yep. That was the big talk on CNBC yesterday. A lot of cheering about no public option.
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Odin2005 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-29-09 08:55 AM
Response to Original message
5. Fuck Baucus!
:grr:
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global1 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-29-09 08:57 AM
Response to Original message
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?
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Canuckistanian Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-29-09 08:58 AM
Response to Original message
7. Insurance companies love them some Max Baucus
He keeps the parties going.
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robinlynne Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-29-09 09:42 AM
Response to Original message
9. shit.
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Soylent Brice Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-29-09 09:51 AM
Response to Original message
10. okay, so when and where is the protest going to be?
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