Does the new health care Bill passing mean Insurance Companies

[Semi-Retired-Dave]

stocks will skyrocket tomorrow?

[The Demon]

No, I think they'll go lower.. Not tank but lose some % points.

[Semi-Retired-Dave]

Originally Posted by The Demon

No, I think they'll go lower.. Not tank but lose some % points.

Why's that?

[The Demon]

Originally Posted by CyberAge-Dave

Why's that?

Because the majority of Americans don't want it, and are now scared that it'll bankrupt the country, since nobody(factcheck.org) knows how much it's going to cost. Then again, it's more than likely that this decision has no weigh on the stock market.

[Semi-Retired-Dave]

Originally Posted by The Demon

Because the majority of Americans don't want it, and are now scared that it'll bankrupt the country, since nobody(factcheck.org) knows how much it's going to cost. Then again, it's more than likely that this decision has no weigh on the stock market.

Interesting, I think since it passed and everyone must have it, it will increase sales from every provider making their company more profitable. Maybe not tomorrow, but in the next 4 years for sure.

[The Demon]

Originally Posted by CyberAge-Dave

Interesting, I think since it passed and everyone must have it, it will increase sales from every provider making their company more profitable. Maybe not tomorrow, but in the next 4 years for sure.

Assuming it sees the light of day, which it won't. Furthermore, something like this wouldn't have a huge impact on the market, if any. If it does, it's because people are afraid.

[Axeman]

Mandated customers with no cost containment equals $$$. Insurance stocks have already been on the rise since before xmas with talk of the mandate, but I would venture that this week will see a spike again.

[Semi-Retired-Dave]

Originally Posted by Axeman

Mandated customers with no cost containment equals $$$. Insurance stocks have already been on the rise since before xmas with talk of the mandate, but I would venture that this week will see a spike again.

I agree, I will be keeping a close eye on this. Especially AIG. Since they own it.

[The Demon]

Originally Posted by Axeman

Mandated customers with no cost containment equals $$$. Insurance stocks have already been on the rise since before xmas with talk of the mandate, but I would venture that this week will see a spike again.

We're getting close to the resistance points. If we see a spike, it wouldn't be health care related.

[BFT3K]

This bill adds many restrictions and requirements for the insurance companies. This is why they have spent over $400,000,000 to kill the bill.

The stocks will go down - at least temporarily, and if they continue to fuck over the American people, the next bill WILL include a public option.

[The Demon]

Originally Posted by BFT3K

The stocks will go down - at least temporarily, and if they continue to fuck over the American people, the next bill WILL include a public option.

Did anyone catch how this moron put those two together?

[GAMEFINEST]

only one that will profit are the health ins companies who will fuck the members..yayy

[Joshua G]

short term...there will be volatility as wall street pumps the price down so the sellers get a bad price.

but longer term, the stocks will keep rising because the bill does little harm, but gives them 30 million new customers subsidized by the feds.

[The Demon]

Originally Posted by joshgirls

short term...there will be volatility as wall street pumps the price down so the sellers get a bad price.

but longer term, the stocks will keep rising because the bill does little harm, but gives them 30 million new customers subsidized by the feds.

Eh I see where you're getting at Josh but at this point, today's agreement won't make any bit of different in the markets, short or longterm.

[EscortBiz]

expect drug company stocks to go up in coming months

more people with insurance = more doctors pushing drusg and people demanding it

companies who sell mri machines etc will sky rocket, again if you have insurace doc more likley to send you there especailly as many docs get kick backs from mri centers

sleep study centers are most likley happy as hell

as far as what it will cost, how this will work out, we can guess and guess but only time will tell

one thing thou, people who think you can fuck with the rich and it wont have an effect on the poor are cluless

[The Demon]

^qft.....

[stickyfingerz]

Originally Posted by EscortBiz

expect drug company stocks to go up in coming months

more people with insurance = more doctors pushing drusg and people demanding it

companies who sell mri machines etc will sky rocket, again if you have insurace doc more likley to send you there especailly as many docs get kick backs from mri centers

sleep study centers are most likley happy as hell

as far as what it will cost, how this will work out, we can guess and guess but only time will tell

one thing thou, people who think you can fuck with the rich and it wont have an effect on the poor are cluless

Ronnie had it right regardless of how hard the left tries to spin it. Trickle down baby.

[Fire]

Any spike in the stock prices of insurance companies will only be temporary until they go bankrupt. The whole purpose of this legislation and subsequent legislation that will be proposed is to put all of the private insurance companies out of business so that the only choice left is the "public option" or government run healthcare.

While this law will make it mandatory to have insurance, the fine for not having it is much less than having it. So the IRS gets to collect the money and the government spends it on whatever they want.

With the inability to deny people due to pre-existing conditions you will be able to wait for purchasing insurance until you need it. Premium caps will probably be set in future legislation and so then you have the worst thing in the world for an insurance company. Nobody purchases insurance until they have huge looming medical bills. It's a sure loss for the companies and they will be bankrupt in no time.

People like to demonize the insurance companies, but it appears that approximately 5% of premiums paid cover all administrative expenses and profits. The other 95% of premiums is redistributed to doctors, hospitals, etc.

President Obama has stated in many speeches, most before he was elected President, that his ultimate goal was single payer, government run and funded healthcare. He also conceded that such drastic change would not be accomplished in one fell swoop but piece by piece. We have just witnessed the first large step.

[Fire]

Originally Posted by joshgirls

short term...there will be volatility as wall street pumps the price down so the sellers get a bad price.

What economics school did you go to?

Stock prices are determined by supply and demand. When there are more sellers than buyers the price falls and when there are more buyers than sellers the price rises. Wall Street doesn't set the price of a stock, the buyers and sellers do. Wall Street was just the central location that the trades take place.

[The Demon]

Originally Posted by Fire

Any spike in the stock prices of insurance companies will only be temporary until they go bankrupt. The whole purpose of this legislation and subsequent legislation that will be proposed is to put all of the private insurance companies out of business so that the only choice left is the "public option" or government run healthcare.

This is true but it will never happen. America isn't going to transform into that anytime soon.

While this law will make it mandatory to have insurance, the fine for not having it is much less than having it. So the IRS gets to collect the money and the government spends it on whatever they want.

Liberals are too stupid to get this.

With the inability to deny people due to pre-existing conditions you will be able to wait for purchasing insurance until you need it. Premium caps will probably be set in future legislation and so then you have the worst thing in the world for an insurance company. Nobody purchases insurance until they have huge looming medical bills. It's a sure loss for the companies and they will be bankrupt in no time.

Yup, glad you understand.

President Obama has stated in many speeches, most before he was elected President, that his ultimate goal was single payer, government run and funded healthcare. He also conceded that such drastic change would not be accomplished in one fell swoop but piece by piece. We have just witnessed the first large step.

Which is going to fall short after the legal ramifications are discussed to death and the Democrats lose their seat majorities.

[The Demon]

Originally Posted by Fire

What economics school did you go to?

Stock prices are determined by supply and demand. When there are more sellers than buyers the price falls and when there are more buyers than sellers the price rises. Wall Street doesn't set the price of a stock, the buyers and sellers do. Wall Street was just the central location that the trades take place.

Where have you been amidst all of these discussions lol? We need intelligent people in these threads.

[Axeman]

Health stocks up today.

[Tom_PM]

Those stocks have been climbing ever since the idea of 30 million more customers has looked like it was going to happen. Now it has happened. It may be past prime time.

[Vendzilla]

Government will take over an industry, next they will take over the banking industry, so just buy stocks in the government, thats where the money trail is

[JC Maldini]

Here is your answer:

U.S. stocks gained broadly, led by a surge in health-care stocks.
The Dow’s pharmaceutical components strengthened, as drug makers are expected to profit from the expansion of health-care coverage. Merck rose 2.3%, while Pfizer climbed 1.5%.
Hospital operator Tenet Healthcare rose 6.1%, while insurer Cigna gained 1.9% and Express Scripts, a pharmacy benefit manager, rose 2.1%. Pharmaceutical companies also climbed, with Eli Lilly up 1.3% and Bristol-Myers Squibb up 0.6%.

Maybe this will wake some sheeple up...but I doubt it.

[The Demon]

Originally Posted by JC Maldini

Here is your answer:

U.S. stocks gained broadly, led by a surge in health-care stocks.
The Dow?s pharmaceutical components strengthened, as drug makers are expected to profit from the expansion of health-care coverage. Merck rose 2.3%, while Pfizer climbed 1.5%.
Hospital operator Tenet Healthcare rose 6.1%, while insurer Cigna gained 1.9% and Express Scripts, a pharmacy benefit manager, rose 2.1%. Pharmaceutical companies also climbed, with Eli Lilly up 1.3% and Bristol-Myers Squibb up 0.6%.

Maybe this will wake some sheeple up...but I doubt it.

It's up 31 points as we speak, nothing out of the ordinary.

[PornNewz]

Originally Posted by stickyfingerz

Ronnie had it right regardless of how hard the left tries to spin it. Trickle down baby.

ya, and that worked out well.......

[Adraco]

It's not really 30 million profitable customers we're talking about! We're talking of society's losers here. The already ill, uneducated, the poor, the unemployed and so on. These are the people with the worst general health. They have much higher risk of early death, permanent illnesses and health related problems than the average population.

If the above metnioned people were profitable customers, they wouldn't be denied coverage today!!! If they were profitable, the insurance industry would come up with a way to accept them and how to finance it. These are the customers no one want, because they cost more than what they bring in. What the government is trying to do, is raising taxes, but doing it via the backdoor, I will explain.

By making it illegal for insurance companies to deny coverage, almost anyone can/will get it, even those with pre exisitng conditions and those who costs a lot to treat. Those are people who the government have to pay for today, with emergency treatments to keep them alive. By making them the problem of the insurance industry, the government can take them off their own balance sheet and private insurance companies will have to adjust their premiums for all their customers to adjust for the increased costs/risks of their new customers.

The government could have raised the tax (very impopular move) to provide overage themselves, but instead making this move people will end up with the same or more money out of their pocket, only that it's not labaled as "tax" which will make many people more comfortable paying the same amount, as long as it's not called "tax".

Most likely, this is not a gain of the insurance industry. Soon enough, you will see that top companies move offshore and thereby avoid having to accept any customer. It will then keep providing insurance for the rich and well educated, who both live longer and stay healthier, thus making the company more money. No one is interested in insuring those people, that's why they had to pass a bill to make it illegal to deny them. The insurance companies sure enough never asked for this.

[The Demon]

Originally Posted by Adraco

It's not really 30 million profitable customers we're talking about! We're talking of society's losers here. The already ill, uneducated, the poor, the unemployed and so on. These are the people with the worst general health. They have much higher risk of early death, permanent illnesses and health related problems than the average population.

If the above metnioned people were profitable customers, they wouldn't be denied coverage today!!! If they were profitable, the insurance industry would come up with a way to accept them and how to finance it. These are the customers no one want, because they cost more than what they bring in. What the government is trying to do, is raising taxes, but doing it via the backdoor, I will explain.

By making it illegal for insurance companies to deny coverage, almost anyone can/will get it, even those with pre exisitng conditions and those who costs a lot to treat. Those are people who the government have to pay for today, with emergency treatments to keep them alive. By making them the problem of the insurance industry, the government can take them off their own balance sheet and private insurance companies will have to adjust their premiums for all their customers to adjust for the increased costs/risks of their new customers.

The government could have raised the tax (very impopular move) to provide overage themselves, but instead making this move people will end up with the same or more money out of their pocket, only that it's not labaled as "tax" which will make many people more comfortable paying the same amount, as long as it's not called "tax".

Most likely, this is not a gain of the insurance industry. Soon enough, you will see that top companies move offshore and thereby avoid having to accept any customer. It will then keep providing insurance for the rich and well educated, who both live longer and stay healthier, thus making the company more money. No one is interested in insuring those people, that's why they had to pass a bill to make it illegal to deny them. The insurance companies sure enough never asked for this.

It's Ironic. This country started with too much government, and that's how it will end.

[Semi-Retired-Dave]

Originally Posted by The Demon

It's Ironic. This country started with too much government, and that's how it will end.

That's true. It's just taking some time to get it all back.

[stickyfingerz]

Originally Posted by PornNewz

ya, and that worked out well.......

Yes it did actually.

[The Demon]

http://cnsnews.com/news/article/57454

Kinda funny that if this bill ever comes fruition, by 2019 you'll still have 23% of people uninsured. What a hilarious joke rofl.

[Joshua G]

Originally Posted by Fire

What economics school did you go to?

Stock prices are determined by supply and demand. When there are more sellers than buyers the price falls and when there are more buyers than sellers the price rises. Wall Street doesn't set the price of a stock, the buyers and sellers do. Wall Street was just the central location that the trades take place.

You should do some homework on market making, program trading & hi frequency trading strategies. Minute to minute, prices are manipulated by market makers so they make instant profits off price discrepancies over different MMs & exchanges. good luck.