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So far in 2013 the value of the S& P health insurance index has gained 43%. Thats more than double the gains made in the broad stock market index, the S & P 500. The shares of CIGNA are up 63%, Wellpoint 47% and United Healthcare 28%.
So much for the reforms embedded in the mis-labeled Affordable Care Act of 2010. It may not die a bloody demise this month, but it is certain to be reformed itself, let’s hope for the benefit of the 300 million, not just the millions of lucky shareholders who may have understood the ramification of ObamaCare, which was to multiply the profits of five giant insurance companies, just as the major bank oligopoly was rewarded by the federal bailouts and Fed monetary policy.
sonnny1
reply to post by Willtell
Unfortunately, ANYONE can Photoshop pictures nowadays.
See?
edit on 7-10-2013 by sonnny1 because: (no reason given)
PtolemyII
Ummm, no one is insured yet.
It went into effect a week ago. I think even after you pay premiums it takes at least a month to go into affect.
Half the sign ups didn't go through properly. So people who think they are covered aren't.
How has it saved anyone's life, in seven days?
Talk about propaganda.
Excuse me while I roll my eyes for ten minutes over this one.
Can't be helped
kdyam
reply to post by okrian
I'm not so sure about that since I applied to get health insurance from a company here in Oregon a few months and was denied because I take blood pressure medication. Unless I am mistaken (and I have looked into this) the preexisting condition aspect doesn't take effect until the new policies are issued 1/1/2014. The whole preexisting condition part of Obamatax is the main reason why insurance companies are raising their premiums on the majority of individuals and companies come January 1st 2014. So I may ask "where have you been for the past 3 years? The only thing that I am aware of Obama doing as far as health insurance is concerned ( medical tax day 1/1/2014) is removing the lifetime maximum that most insurance companies limited to $1million on past policies.
Effective September 2010, children (below age 19) with pre-existing conditions may not be denied access to their parents' health plan and insurance companies will no longer be allowed to insure a child, but exclude treatments for that child's pre-existing condition.
Starting in 2014, this provision will apply to adults as well. Until 2014, the information below remains valid for anyone over age 19.
A pre-existing condition can affect your health insurance coverage. If you are applying for insurance, some health insurance companies may accept you conditionally by providing a pre-existing condition exclusion period.
edit on 10/8/13 by solomons path because: (no reason given)