Who likes the new health care reform bill?

| | Comments (0)

Sen. Max Baucus, a Montana Democrat who chairs the Senate Finance Committee, unveiled his health care reform legislation yesterday.

Apparently it was written by insurance company lobbyists. It contains loads of gifts for the insurance lobby and pretty much guarantees that health care will be more expensive for the middle class.

So far, Republicans hate the bill. Democrats hate it.

So who likes it?

Let's see.

The New York Times reported: "Shares of U.S. health insurers rose broadly on Tuesday on hopes a health reform bill would not include a government-run option, which has drawn strong opposition from insurers who fear it would destroy the private marketplace.

"The S&P Managed Health Care index of large U.S. health insurers closed 6.5 percent higher.

"Aetna rose 12.6 percent, Coventry was up 12.7 percent and Cigna was 7.7 percent higher, all on the New York Stock Exchange. Centene rose 7.9 percent."

That should tell you all you need to know about Baucus' bill.

Leave a comment


Type the characters you see in the picture above.

About this Entry

This page contains a single entry by Mike Argento published on September 17, 2009 9:19 AM.

Darn activist judges was the previous entry in this blog.

'Tell my family I love them.' is the next entry in this blog.

Find recent content on the main index or look in the archives to find all content.