Posted on 12/17/2018 7:34:40 AM PST by McQ444
Top insurers began the trading day on Monday with losses on Wall Street after a federal judge ruled Friday afternoon that Obamacare is unconstitutional.
Anthem's stock was down 2.62 percent to $268.37 per share in trading in New York. UnitedHealth Group was down 1.6 percent to $260.78, while Centene was down 7.94 percent to $117.40.
(Excerpt) Read more at washingtonexaminer.com ...
2019 is the year the mandate is dead. I suspect Obamacare’s collapse will be THE ongoing story of 2019.
This is hysterical, as I know first hand that the big insurance companies in my region are loosing hundreds of millions on their marketplace policies a year.
It was only ruled constitutional because Roberts betrayed sanity and declared the mandate a tax... and congress has the right to tax. WIthout that, the entire trumped up justification for it being constitutional is gone...
However, I fully expect Roberts will invent some other justification for it.
I posted almost the exact same thing in another thread on the subject. :)
We are one. I don’t think Roberts will matter this time, though. It will take more than the SCOTUS to save it from the market now that the mandate is dead.
Subsidized health groups gets pulled stocks dump free ride over.
#4 Maybe Roberts owns some healthcare stocks?
United dropped out of most exchanges in 2017, due to losses.
I tend to agree, but I would suggest come the end of 2019, as the Supreme Court agrees....all heck will break loose on the primary season with the ONLY topic being a replacement ‘Obama-Healthcare’ creation. Frankly, in at least 20 states....people are peeved about the cost level...$1,000 a month for a family of four, for a gold-star program, and a $6,000 deductible...is ridiculous.
Now is the time for the insurance companies to put better plans together for those who do not have corporate insurance.
And the answer will be Medicaid for all.
Agreed. Like the good old days before Obamacare.
Indeed the scam is up health stocks will be in the tank for a long time.
Yep, which is the outcome Obamacare was designed to achieve in the first place.
We're never going back to those days.
FWIW, I have Tricare. My family's entire medical needs cost me not one penny more than the gas it takes to go to the doctor's office.
Eventually, the rest of the country is going to wise up to what I have and start asking for this as well.
Obamacare won’t be repealed, because it can’t be repealed - or, more exactly, it can’t be repealed without ushering in huge Democratic majorities in the House and the Senate.
Members of Congress don’t know much, but they can count votes like a pimp in a whorehouse can count money.
Yes, the voters “hate Obamacare and want it repealed”. That is absolutely true.
It’s also true that they want the ability to buy insurance for pre-existing conditions, want insurance companies to be forbidden to cancel policies for non-payment, want zero payment at the point of service, want their adult children who are smoking dope in a dive in Oakland to stay covered, want their States to expand Medicaid without taxes going up, and so on.
In other words, the only two things they hate about Obamacare are paying for it, and the name.
Republicans in Congress understand this perfectly well, which is why they didn’t repeal it when they were able to.
And, not coincidentally, Obamacare (and Romneycare) were the culmination of fifty years of “reform”, all of which had the purpose of destroying the private sector or making it impossible for the private sector to function, except for boob jobs and a few other things. And, by 2009, the mission was largely accomplished.
Obamacare was merely a temporary mop-up operation, until full nationalization was possible.
And now, it is.
It’s only a question of when.
Yes, Insurers are losing money on the marketplaces, but the death of Obamacare means that they lose any chance for reimbursement by the government, means they won’t have guaranteed customers forced by the government (the mandate) and it means they may actually face competition.
Based on the midterms I suspect you are right.
The Democrats made a lot of hay on fearmongering about Republicans taking away your “guaranteed coverage”.
Good...to all you stated.
That, of course, is a contradiction in terms.
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