Scarborough: Health Insurance Stocks Reached 52-YEAR High On Friday

[Techn0Girl]

Source: Huffington Post

On Sunday's Meet The Press, MSNBC host Joe Scarborough was asked a simple question about health care: What has President Obama achieved? His answer: "He has made a lot of people with insurance stock a lot richer."

"This is great for insurance companies," he explained. "They were going to reform the system neither side wanted to take on the insurance companies. Neither side wanted to get rid of anti-trust exemptions. Neither side really pushed hard to allow you or me or anybody here to buy across state lines. And as Howard Dean said -- and this is a devastating fact -- insurance companies' stocks reached a 52-year high on Friday after this so called reform bill got its 60th vote.

Read more: http://www.huffingtonpost.com/2009/12/20/scarborough-health-insura_n_398520.html

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Change Insurance Companies Can Believe In.

Remember this when you vote for Congress next November.

[ananda]

1. Just about says it all, doesn't it?

At least this "historic" bill is good for
s o m e b o d y ....

[DJ13]

2. Remember this when you vote for Congress next November.

Oh I will.

[dkf]

3. 52 YEAR or WEEK high?

I would think a 52 year high would be an all time high.

[ixion]

4. oh, they're breaking out the bubbly this weekend, you can be quite sure

they just got a Profit Protection Mandate that will have them swimming in cash, while the rest of us drown.

[rubberducky]

5. Are you suggesting that we vote for the pubbies??

That way we`ll just rid ourselves of those pesky dems.

[Goldstein1984]

8. We hit them in the primaries, not the general election

We have to find Democrats who listen to the people.

I think it's a given that Republicans would be no better.

[Techn0Girl]

23. Not at all...

I'm suggesting that we vote ONLY for people committed to for for US - NOT Corporate interests.
The Republicans do not fit that requirement. Sadly enough neither does much of the Democratic Party lately.

[AzDar]

6. Jesus wept.

[inna]

7. Christ.

Thanks for all the Change.

:banghead:

[stray cat]

9. Would stocks go down if the bill collapsed or are they up because it is likely to

[dflprincess]

11. They'd probably drop a bit

if the bill fails they'll just be stuck with what they have now instead of the millions of new customer who will be forced to buy from them.

Either way they survive and keep raking it in.

[alfredo]

10. Wall Street hates uncertainty. Stocks

can spike once something is resolved, even if the news is not great. At least they know what to expect.

[inna]

12. why was this moved?

:shrug:

ridiculous.

[Name removed]

15. Deleted message

Message removed by moderator. Click here to review the message board rules.

[Techn0Girl]

17. Excellent Question Isn't it? It referreed to a HuffPo Meet The Press Story less than 12 hours ago..

So it met all the qualifications for breaking news

[noiretextatique]

13. best healthcare in the world!

for health insurance company stockholders!

[chill_wind]

14. K & R n/t

[BeyondGeography]

16. DU's new sources you can trust:: Joey Scar and The Street

Dopey.

[Techn0Girl]

18. No Fan of Scarborough - but he 52 week high happens to be a fact verified in other sources as well..

Just because you don't like the Messenger does NOT mean the message isn't valid.

Additionally - a smart person monitors the opposition news as well. The fact that Scarborough is so gleeful about the profits this bill brings in speaks volumes by itself.

[BeyondGeography]

19. Stock prices are speculative snapshots based on all sorts of narratives

If we've learned one thing in the past year, just one, it should be that they are as likely to be built on sand as not.

[Techn0Girl]

20. You keep on being a Corporate Apologist ....

The sad thing is that you're not any different than any of us here...
Your wages are being cut...
Your health care is beig decimated...
Your taxes are being raised...
Your chances of bettering your life before you die are dropping every day.

You're in the same boat as all the rest of us - except you're cheerleading for the guys who are bending you over and sticking it to you I'm guessing because somehow it makes you fee better about your life to cheerlead for a "winning" side.

Wake up.

[BeyondGeography]

22. I say, be careful, the market is basically full of shit

Meantime, you base an entire OP on the wisdom of Wall Street and a rethug like Scarborough. And I'm a corporate apologist.

:crazy:

[gardenista]

24. Can you please decide what you're pissed off about?!

Tax increases? Are you kidding me?

And you're accusing others of being corporate apologists?

[chill_wind]

21. Reported here days ago. The Indianapolis Star is dopey.

And the bloggers who noticed.

Insurance stocks on fire.

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=103x503451

[Blasphemer]

25. Funny how that works nt