Wednesday, October 30, 2013

questions abounding

How much will Obamacare Raise Your Insurance Premium?

James Hall
30 October 2013

"No one can reasonably deny that the major Insurance Companies were the driving force behind the writing of the Affordable Care Act legislation. "The health care industry spent nearly $500 million lobbying for health care issues in 2012, and $243 million so far in 2013.""

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"Over the last 12 months, shares of the top five publicly traded health insurance companies — Aetna, WellPoint, UnitedHealth Group, Humana and Cigna — have increased by an average of 32 percent, while the Standard & Poor’s 500-stock index has risen by just 24 percent." The New York Times 26 October 2013

"Either the Obamacare system itself collapses under its own weight, or the U.S. economy falls apart because of the extreme burden being hoisted on those who are responsible for paying the bill.

Either way, we’re looking at an almost instantaneous collapse of one or the other." SHTF Plan 24 October 2013

"Is Obamacare hurting the health insurers, or is its roll-out the problem? That is for others to debate. It is possible that it can rebound following a quick fix to the Website and a sharp pickup in signups for health-care plans. Short of that happening, the charts say that investors should be avoiding the group like the plague." Barrons 29 October 2013 (after insurance stocks began to lose their edge)

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