The Humble Libertarian

Building a small army to take over the world and... leave everybody alone.

Tuesday, March 27, 2012

Look What Happened To Healthcare Stocks While The Supreme Court Was Savaging Obamacare

Attorney's for Obamacare got a tad bruised in the Supreme Court hearings and heathhcare stocks took a dive today. Obamacare is really a wealth transfer from the young to the old because the young will bear the brunt of the high cost of Obamacare. Obamacare is also a big pile of new taxes and a backdoor single payer 100% government controlled healthcare system.
Remember: Big healthcare companies like Obamacare and the individual mandate since it guarantees a huge new pool of customers (including a lot of low-risk, young customers that aren't expected to cost much). So while the Supreme Court was savaging Obamacare today (at least according to the snap judgment) look what was happening to shares of big insurers like Aetna and UnitedHealth....
Read the rest here
Business Insider