Some see benefit in insurance bill
December 21st, 2009
One group is definmitely in favor of the Reid-Lieberman-Nelson-Obama insurance company protection bill:
The rise in stock prices has been particularly striking in the period since Sen. Joe Lieberman (I-Conn.) said on October 27 that he would filibuster a Senate health care reform bill if it included a public option – a threat that caused Senate leaders to cave without much of a fight.
Here’s a quick breakdown of major health insurance company stock performance from Oct. 27 to Friday’s market close:
- Coventry Health Care, Inc. is up 31.6 percent;
- CIGNA Corp. is up 29.1 percent;
- Aetna Inc. is up 27.1 percent;
- WellPoint, Inc. is up 26.6 percent;
- UnitedHealth Group Inc. is up 20.5 percent;
- And Humana Inc. is up 13.6 percent.
By comparsion, the Dow Jones Industrial Average is only up 2.3 percent during that time; the NASDAQ Composite is up a (relatively) paltry 1.4 percent.
Entry Filed under: Congress, Healthcare, Obama administration