Insurance Giants See Stocks Soar on Launch of Obamacare

Discussion in 'Politics' started by poncho, Oct 1, 2013.

  1. poncho

    poncho
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    Forcing the whole nation to buy health insurance turns out to be quite profitable.

    It turns out that forcing the whole nation to buy health insurance is quite profitable for the giant health insurance companies that helped write Obamacare – health insurance providers across the board saw their stock prices soar today.

    On the first day that new insurance exchanges were made available to Americans, companies like WellPoint Inc. and Molina Healthcare Inc. saw their stocks gain over 2.5%.

    It’s unsurprising that large health insurance companies are enjoying the fruits of mandatory Obamacare regulations, since they helped write them in the first place.

    WellPoint’s performance today will surely be celebrated by its former Vice President Liz Fowler, who wrote the 87-page white paper that was the foundation of Obamacare. After it was passed, Senator Max Baucus profusely thanked Fowler for being personally responsible for crafting the Affordable Health Care Act. Politico described her as a “major player” in getting the bill through Congress.

    CONTINUE . . .

    Ain't corporatism grand?
     
  2. thisnumbersdisconnected

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    Lies.

    At 1:20 p.m. CDT, Aetna was up .96 points, after a four-day downward trend amounting to a 2% loss; United Healthcare up .96 points, following a four-day downturn amounting to 1.2%; Coventry, down .23 points, continuing a four-day down trend amounting to nearly 2%; WellPoint, up 2.51 points, after a four-day tailspin of nearly 3%.

    The 52-week trend for all four of these major health insurance companies has been boring at best, not rising or falling by more than 2% over the whole period.

    All Poncho and his highly biased, questionable source needed to do to avoid embarrassing themselves by posting this claptrap was check here:

    http://www.wikinvest.com/special/Companies

    Enter a company name or NYSE/NASDAQ abbreviation, and you can see for yourself how this "source" lies like a cheap rug.
     
  3. poncho

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    Here’s a list of some of the top health insurance providers in the U.S., and a look at how their stocks have produced decent returns since Obama signed the Affordable Care Act into law in 2010.

    Does anyone else notice a trend here?

    Actually, this shouldn’t come as a shock. After all, the health care industry spent nearly $500 million lobbying for health care issues in 2012, and $243 million so far in 2013. “No other industry sector spent more lobbying Congress and the federal government,” according to Breitbart.

    One popular healthcare company that is noticeably absent from this list is Amerigroup, which was purchased by WellPoint Inc. in July 2012 for $4.9 billion in cash.

    Also absent is the Kaiser Foundation Health Plan as it is part of a privately held network, and Celtic Healthcare, which the Washington Post Co. (yes, the newspaper Amazon founder Jeff Bezos recently purchased) acquired a majority stake in in October 2012.

    CONTINUE . . .

    Not surprised to see you try to narrow the focus to just the last 52 weeks.
    These graphs (2009 - present) speak louder than your BS (baloney sandwiches) TND. See how they go up and up and up? :smilewinkgrin:

    The insurance companies wrote Obamacare which would be more appropriately called Pharmacare as the insurance and big pharmaceutical companies will be the ones reaping all the benefits. But why should expect anything else form a corporatist system of government?

    "Socialism is a system where the government directly owns and manages businesses. Corporatism is a system where businesses are nominally in private hands, but are in fact controlled by the government. In a corporatist state, government officials often act in collusion with their favored business interests to design polices that give those interests a monopoly position, to the detriment of both competitors and consumers.

    To call the President a corporatist is not to soft-pedal criticism of his administration. It is merely a more accurate description of the President’s agenda.

    When he is a called a socialist, the President and his defenders can easily deflect that charge by pointing out that the historical meaning of socialism is government ownership of industry; under the President’s policies, industry remains in nominally private hands. Using the more accurate term — corporatism — forces the President to defend his policies that increase government control of private industries and expand de facto subsidies to big businesses. This also promotes the understanding that though the current system may not be pure socialism, neither is it free-market since government controls the private sector through taxes, regulations, and subsidies, and has done so for decades." Ron Paul.
     
    #3 poncho, Oct 1, 2013
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  4. InTheLight

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    Pick just about any stock in the Dow Jones Index and look at its chart from 2009 until now. Notice the upward trend?

    I see, so they fought against ObamaCare.

    [Just wondering since the article does not state which side of the issue they were on. I'm assuming they were against ObamaCare because it is the first step in a socialistic government takeover of health care, which would socialize medicine and deny health care companies their huge profits which means they couldn't lobby Congress anymore, or buy candidates, or place subliminal advertising, or create addicting drugs, or fund terrorists, or go to Bilderberger meetings, or get invited to Bohemian Grove meetings, or hob nob with the CFR, or continue to put flouride in toothpaste, or supply the chemicals for jet engine contrails, or....]


    Pick just about any stock in the Dow Jones Index and look at its chart from 2009 until now. Notice the upward trend?
     
  5. Crabtownboy

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    That should make Republicans very happy. After all they are very pro-big business and profits ... even at the expense of people.
     
  6. pinoybaptist

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    maybe the uptrend is good looking right now, but once it breaks out of the resistance line and goes downtrending it will either break way down low of the support line and then flatten out before any uptrend comes again and it could take more than 52 weeks.
    the exchanges are not monopolized by the insurance companies, you have to keep that in mind.
    with the government shutdown, forex might not be a very good investment, either.
    best to park your money somewhere else.
     
  7. poncho

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    What has been driving this upward trend? the Fed's printing out trillions in fiat currency and interest rates near zero. The "trend" is a another bubble that'll pop just like the rest.

    Here we go again. How many times do we have to go through this? I try to be nice to you and you repay me by vomiting up this garbage again.

    Okay. Have it your way ITL.

    Being a conspiracy analyst like me is more honest and honorable than being a cowardly bushwacker like you. I'd like to put all that behind us but if you want to keep up with the insults and demonization I'll keep reminding you about what a dishonorable liar you are.

    Yeah, the bubble keeps growing and like all previous bubbles it'll pop and you'll be sitting there wondering what happened.
     
    #7 poncho, Oct 1, 2013
    Last edited by a moderator: Oct 1, 2013
  8. Crabtownboy

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    It seems pretty clear that you have no idea what makes the market move and it would be a waste of my time to try to explain.

    Here is the current chart....note the Bullish price objective.

    The chart is from: www.stockcharts.com ... a very good web site if you are an individual investor.

    [​IMG]
     
  9. Revmitchell

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    Poncho, you have now been the recipient of Bill's veiled attempt to let you know he just does not like your view. He says this to everyone.
     
  10. poncho

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    Maybe so Rev but he never put me on his ignore list then stalked me around the board personally attacking me for months while trying to encourage others to do the same then lie about it like ITL did.

    At least Crabby has some self respect left.

    I do have a couple questions for ole Crabby though. If the purchasing power of the dollar has been devalued by 95% since 1973 wouldn't that drive up stock prices along with everything else?

    [​IMG]

    Let's say you purchased a stock for $100 dollars in 1973 and it's dollar value gained 25% since, how much would it be worth in real value (purchasing power) today? What happened between 1910 and 1920 to cause the purchasing power of the dollar to drop so suddenly? What caused the price of goods to rise so rapidly after 1973?
     
    #10 poncho, Oct 1, 2013
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  11. Crabtownboy

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    Poncho, I appreciate your words.

    If you would like to know about this type of chart send me a private message. Over the years I have found this type of chart very reliable. It is not 100% correct, none are. But it is amazing how often it is correct ... not just on the market, but also on individual stock issues as well. In investing I discovered that rule #1 is Never listen to a stock broker. Do your own research and make your own decisions.

    There is an old adage in investing ... cut your losses short and let your profits run. There are several technical systems that if faithfully followed will do exactly that.
     
    #11 Crabtownboy, Oct 1, 2013
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  12. Revmitchell

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    Wow, a completely different issue. Has nothing to do with me or Bill.


    Anyway.............
     
  13. poncho

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    I'd just like for you to answer my questions Crabby.
     
    #13 poncho, Oct 1, 2013
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  14. poncho

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    Hmmmm, no answer.

    Is the math to difficult to understand? Okay I'll try to make it real simple then.

    All ya gotta do is CLICK HERE and look at a few graphics. Simple enough ain't it?

    Who controls WellPoint? Or, who stands to benefit from "Obamacare"?

    Click on one of the stock holder's names to see who controls them.
     
    #14 poncho, Oct 2, 2013
    Last edited by a moderator: Oct 2, 2013
  15. FollowTheWay

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    I thought your belief was that Obamacare was a government takeover of health care, not something that was being worked through existing outlets. You can't have it both ways. So now you say that Obamacare is a negative thing because it works through capitalism? Get your story straight.
     
  16. thisnumbersdisconnected

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    Socialists nationalize private industry. The Great Pretender short-cut the process and is simply putting them out of business. Either way, this is one time Poncho gets it, without the extraneous conspiracy theories.
     
  17. poncho

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    Did I blame capitalism? No I blamed corporatism. Two very different animals. Capitalism is when you buy low sell high and keep what's left after paying "your fair share" of taxes while trying not to go astray of laws and regulations.

    Corporatism is the merger of government and corporate power.

    When the government and large insurance companies teamed up to create the "Affordable Care Act" or as in the case here laws and regulations that gives those large corporations an unfair advantage over their smaller competitors and places a government "mandate" on the purchase of their products it became a corporatist policy. An aggressive and predatory corporatist policy.

    Here's how one political leader from the past described this process.


     
    #17 poncho, Oct 2, 2013
    Last edited by a moderator: Oct 3, 2013
  18. thisnumbersdisconnected

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    You just forced me to recant my previous post. Anyone who quotes Mussolini as a valid source of insight doesn't "get it."
     
  19. Bro. Curtis

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    I think you missed his point. I'm quite sure poncho does not view Mussolini as any kind of source for insight, and was using that quote to make his point.
     
  20. thisnumbersdisconnected

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    He used Mussolini to affirm his views on "corporatism" as "fascism." He claims the large insurance companies "conspired" with the government to create the ACA. If so, they conspired to create legislation that will bankrupt them. I stand by my recant.
     

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