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WASHINGTON — To bolster the case for a far-reaching overhaul of the health care system, the Obama administration is seizing on a new analysis by Goldman Sachs, the New York investment bank, recommending that investors buy shares in two big insurance companies, the UnitedHealth Group and Cigna, because insurance rates are up sharply and competition is down.
Obama Wields Analysis of Insurers in Health Battle
Seeded on Sun Mar 7, 2010 3:51 PM EST
Article Source: The New York Times- Enjoy this article? Help vote it up the 'Vine.
- Public Discussion (2)
As many Americans are concerned with the future of Healthcare. We do not feel that the government will know best for the needs of my personal healthcare, sowe are concerned.... I have noticed that ideas that are good for the " common man" or the "little guy" generally are not good for big business, whereas I have not seen the Healthcare balking at forced insurance per Obamacare. It would appear that the benificiaries of Obama care will be the insurance companies. In tis instance it looks as if insurance companies will win either way. I expect to see higher profit margins for the insurance companies under Obama care.
#1 - Sun Mar 7, 2010 4:28 PM ESTInsurers have raised their prices in anticipation of the Government getting involved and putting freezes on rates. The Democrat's proposed health care plan has greatly contributed to health insurance premium increases. We saw the same thing happen in the banking industry when banks invoked new rate policies and limits just before the new Federal credit card regulations took effect. Just the thought of Federal involvement can have unwanted effects.
#2 - Sun Mar 7, 2010 4:57 PM ESTYou're in Easy Mode. If you prefer, you can use XHTML Mode instead. |
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