The Motley Fool weighs in: http://www.fool.com/investing/general/2012/11/07/this-is-the-reason-the-sp-500-imploded.aspx "Humana and other health-care solutions providers are down because Obama's re-election means the almost certain implementation of the Affordable Care Act. The bill, set to go into effect in 2014, will put increased levels of regulation on the health-care industry, which will make it considerably tougher for plan providers like Humana to raise premiums and will make it practically impossible to deny anyone coverage." Too bad Mitt didn't win so our healthcare premiums could get raised willy nilly like during the Bush years. God knows I don't pay enough premium for my family coverage...... :lol: :lol: :lol:
Dave, I'm going to sell you a $50,000 car for $20,000. However, I'm going to charge o=you $40,000 for the club membership that allows you to get that price. What have you gained? Now understand that only $10,000 of that membership is going to the automaker so he is going to have to find ways to lower costs and huge layoffs are in the works. This is exactly what is happening with healthcare. The government can mandate what a doctor or a nurse makes. It can't mandate that a bright younf man or woman pursue a career in healthcare. What is that "less expensive" healthcare going to be worth when there are 50% less healthcare professionals to take care of a aging population?
Dave really does not grasp basic economics. Perhaps we should change the topic? Here's hint... if Obamacare slams insurers with tons of expenses and fees that they cannot counter with increased premiums then it may be tougher for Dave to find a doctor or to get adequate medical care. Just a thought.
The aim of course is to put private insurers out of business because it is impossible for them to make a profit. Then the vacuum is filled by the efficient, compassionate government. The same entity that is steering social security and medicare onto the rocks, that has pisses away billions on inane "green" industries, that blew almost a trillion on a stimulus package that did NOTHING, will be in charge of health care. In private industry, the demand by a board of directors and stockholders keeps a corporation from fiscal irresponsibility. This is who is responsible for taxpayer money being spent by the government.
You started the topic Dow Drop....and then used a comment about health insurers as the reason perhaps for the steep decline? Seriously....that is the best you can come up with? The hole in the sand that you have your head stuck in must be very, very deep.....at some point you will have to come up for air and see what is really going on......
"Humana and other health-care solutions providers are down because Obama's re-election means the almost certain implementation of the Affordable Care Act. The bill, set to go into effect in 2014, will put increased levels of regulation on the health-care industry, which will make it considerably tougher for plan providers like Humana to raise premiums and will make it practically impossible to deny anyone coverage." Taken from the article I posted and offered as a reason why healthcare stocks nose-dived yesterday. I suspect that the same ******** went down before airline deregulation made flying more affordable to the public. I could just imagine the airfares today if there were not true competition amongst airlines. No wait....try pricing lanes where there is no competition and see what you get. Airlines are still safe, afforfable and have qualified pilots flying the planes. The healthcare industry would be no different if not allowed to rape and pillage the American public.
Your topic was "Dow Drop" not health insurers drop....are you suggesting that the health insurers lead to the largest decline in the Dow in over a year? If not, staying on topic, what would you suggest the primary causes might have been for the largest drop in over a year the first trading day after the election?
If the healthcare insurers are raping and pillaging the public then why are they not making any money? Where is it exactly that they are hiding their ill-gotten gains?
:roll: Did I miss something what does the DOW dropping 300 points have to do w. medical insurance or Obamacare, Dave must be bored now that his man is in office.
Diane, actually Dave is gloating in the same obnoxious, thinly veiled way he did when Florida won its national championships. He has initiated 4 topics in the less than 48 hours following the election. It's his way of in-your-facing those whose views are different from his. White noise to moderate moi.
thanks Sid I know I couldnt wait for Jim to hget home last nite to see all the topics. ...I watched the stock channel most of the day and I couldnt figure out what he was trying to say. thanks for the clarity...
:roll: If you want to see the future of what our health care system will look like, check out the east coast after the hurricane and Obama's response to it. The FEMA office on Long Island closed, "because there was a storm." The millions of people out there haven't seen them since. Why would they care? They have government jobs... Meanwhile, here in the People's Republic. I pay only $300 per month for health insurance as one God's chosen who belongs to the public employee union that controls this state. A state that is now locked down tight with 2/3 lefty majorities in both houses of the legislature. My first raise, for several thousand bucks will be paid next month. Just in time for Christmas. Too bad California now has the highest taxes in the world. Every day is Christmas for me! Feliz Navidad! ............Dedicated Public Servant.............JO'Co
In some small measure perhaps but in truth and you know it as well as the rest of us, else you wouldn't have posted as you did and very selectively chose that passage...well before then the Motley Fool weighed in on the main culprit.... This notion of "fiscal cliff" and it's impacts, both present and future is entirely due to his complete abdication of his leadership obligations, preferring instead to be on the campaign trail...guess what, campaign is over.....the candidate needs to get back to a job for which he has proven himself for years to be supremely unqualified...God help us.....
Must have overlooked this little nugget from our Gator friend..... That is a direct quote...let that resonate in your mind for a moment in context with his big government, socialist rhetoric...... :shock: :shock:
If healthcare providers and management companies were as competitively offered as are the airlines I would be all for no interference from the government. Why is it then that we do not have it? Why do you generally have only one choice in providers when working for a firm and it's the luck of the draw wheter or not the care is decent and the cost not insurmountable? They operate more like a monopolistic cartel that gets their price no matter the competition or lack of. Probably the difference is that you can choose not to fly but when you really need healthcare you need it although many Americans are unwisely choosing to forgo getting the healthcare they need because of the expense. http://www.healthreform.gov/reports/out_of_pocket/index.html
:twisted: My dad and Step mom own several insurance agencies in Ca and Oregon. Many incurance agencies have ldue to federal regulations been limited as to which state they may sale their policies in..... one co doing business in Fl may not fo business in Ca so forth and so. on... so...... again the governemnt regulates where insurance companies can do business and the individual states also have strict regulations over insrance policies. But thats what you voted for MORE REGULATIONS. so now you will pay the price and it isnt going to get any better its only going to become more expensive
I am having surgery on my right hand on the 15th to repair the affects of Dupuytren's Disease over the last 10 years. I have met all my deductibles and out of pocket maximums. Therefore, I don't pay one dime. Here is the sad part: Due to newly instated government regulations, I had to have a chest x-ray, an EKG, two sets of blood work, a pre-op appointment with the doctor, and a pre-op appointment with the surgical center. How is all of that driving down the cost of healthcare? Somebody has to pay for all of that.