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Dylan Rattigan on MSNBC recently gave Rep. Wassersman-Schulz (D-Fl) a hard time about the health care package. He disputed her contention the bill was a big win for consumers. He wanted to know why the stock prices for Big Insurers (e.g.m, Aetna, Cigna, Wellpoint, United Health) shot up if this was such a big loss for them.
Unfortunately, he was so exercised on the point, he didn't give her a chance to address the question. It's an important question. Asked another way, the question is "Why are stocks in this sector at a 52-week high if this legislation is such a blow to their profits?
Originally posted by wiredamerican
Who would have known that the next bubble is going to be the health bubble. I sure hope it does not pop .
The health care sector has spent $263 million this year lobbying Congress for changes to reform plans, a government watchdog group estimates.