Health Insurance Company Stocks “On Fire” As Reform Bill Is Weakened
December 23rd, 2009
This
bill is great for
insurance companies, he explained.
They were going to reform the system but 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
52-week highs on Friday after this so called reform bill got its 60th
vote. So David Axelrod, who I love and respect, but David
Axelrod kept saying ‘we took on the insurance
companies, this is real reform, they’re
against it.’ Really? I don’t
think so.
