Insurance Stocks Rise After Obama Speech
Posted in Main Blog (All Posts) on September 11th, 2009 4:45 am by HL
Insurance Stocks Rise After Obama Speech
Remember President Obama’s reference during his health care address to “Wall Street’s relentless profit expectations”? Well, those expectations were apparently met by that same address. Insurance company stocks got a boost from the speech, which foreshadowed the death of the public option and promised to deliver millions of currently “irresponsible” customers. Speaking of the uninsured, at last count there were more than 46.3 million. —PS Reuters: Shares of U.S. health insurers climbed on Thursday after analysts saw no “game changers” from President Barack Obama’s highly anticipated speech on health reform. Following the speech, analysts predicted any changes to the system would be moderate, with Obama backing many initiatives put forth earlier this week by a leading Senate committee. The possibility a threatening public health plan would be enacted also now seemed doubtful, analysts said. Read more READ THE WHOLE ITEM
Remember President Obama’s reference during his health care address to “Wall Street’s relentless profit expectations”? Well, those expectations were apparently met by that same address. Insurance company stocks got a boost from the speech, which foreshadowed the death of the public option and promised to deliver millions of currently “irresponsible” customers.
Speaking of the uninsured, at last count there were more than 46.3 million.? —PS
Reuters:
Shares of U.S. health insurers climbed on Thursday after analysts saw no “game changers” from President Barack Obama’s highly anticipated speech on health reform.
Following the speech, analysts predicted any changes to the system would be moderate, with Obama backing many initiatives put forth earlier this week by a leading Senate committee. The possibility a threatening public health plan would be enacted also now seemed doubtful, analysts said.
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Rep. Joe Wilson’s Apology (Plus a Campaign Plug)
So, Congressman Joe Wilson heckled President Obama during Wednesday’s speech on health care reform. On Thursday, Obama accepted Wilson’s apology, but that same day the South Carolina lawmaker leveraged the situation by posting this video calling for voters’ support and announcing he was “under attack by liberals for standing up against a government takeover of health care.” READ THE WHOLE ITEM
So, Congressman Joe Wilson heckled President Obama during Wednesday’s speech on health care reform. On Thursday, Obama accepted Wilson’s apology, but that same day the South Carolina lawmaker leveraged the situation by posting this video calling for voters’ support and announcing he was “under attack by liberals for standing up against a government takeover of health care.”
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- August 28, 2009 Eric Lax on Elia Kazan
- August 25, 2009 There Are More Slaves Today Than at Any Time in History
