Featured Insurance Giants See Stocks Soar on Launch of Obamacare

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.​

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Ain't corporatism grand?

 

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.

 

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.

 

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?



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?

 

I'd just like for you to answer my questions Crabby.

 

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.

 

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.

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