oldenGoldenDecoy's picture

    Sinking the Health For Profit Corporations? Awwww....

    Geez ... like the proverbial rats they are ...


    Do these multi-billion dollar corporations see the handwriting on the wall?

    Be afraid . . . be very very afraid... and... SELL! SELL! SELL!

    Health Care Plan Squeezes ETFs

    Health care companies consider President Barack Obama's budget a potential profit-killer. Investors agreed and dumped their shares last week, dragging down exchange traded funds.

    And who are the major corporate rats sinking with the ship?

    The health-care and biotechnology ETFs we track lost 7.4% during the five trading days that ended Feb. 26. The worst performer of the group, the iShares Dow Jones U.S. Healthcare Providers Index Fund, sank 16% after HealthSpring , Humana , WellCare Health Plans , Psychiatric Solutions and UnitedHealth Group  each lost at least a third of their values.

    And it looks like the rats just don't like competition.

    Obama promises that workers who like their company plans will be able to keep them. But if the government offers better benefits with lower premiums, private health groups might be forced to compete. If people move en masse to government plans, private insurers would suffer.

    I thought that was what capitalism was all about, the best plan and services win.

    Oh well ... there goes another myth.


    ~OGD!

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