Health care stocks rise after Dems drop public option
OPS_admin | Dec 09, 2009 | Comments 0
From Reuters:
Shares of U.S. health insurers rose on Wednesday after efforts to overhaul the health system moved away from creating a government-run insurance plan long viewed as damaging to the industry.
However, gains may have been held back as analysts said new measures that would expand the Medicare government plan to younger adults and require insurers to spend a certain amount of premiums on medical costs presented new potential risks.
Senate Democratic healthcare negotiators agreed late on Tuesday to replace a government insurance option with a scaled-back non-profit plan.
The S&P Managed Healthcare index (^GSPHMO – News) of larger U.S. health insurers rose 1.3 percent, compared to a 0.6 percent drop for the broader S&P 500 index (^SPX – News). UnitedHealth Group (NYSE:UNH – News) increased 1.7 percent, Aetna Inc (NYSE:AET – News) rose 1.3 percent and Humana Inc (NYSE:HUM – News) climbed 1.1 percent.
Full Story Health care stocks rise after Dems drop public option | Raw Story.
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If we don't change our ways soon...
A new report by the Royal Society, chaired by Nobel prize-winning biologist Sir John Sulston warns that world population must be stabilized and consumption in wealthy nations must be reduced or the entire planet is in big trouble. As the report reads: "The number of people living on the planet has never been higher, their levels of consumption are unprecedented and vast changes are taking place in the environment. We can choose to rebalance the use of resources to a more egalitarian pattern of consumption... or we can choose to do nothing and to drift into a downward spiral of economic and environmental ills leading to a more unequal and inhospitable future."This is the same warning that President Jimmy Carter gave Americans back in the 1970's - but it was ignored when Ronald Reagan came to power with a "more positive" message basically telling Americans we can do whatever we want. And then after 9/11 - Bush told us all we should go shopping and consume ever more.And now with corporations calling the shots in Washington - long-term sustainability of the planet takes a back seat to short-term profits. If we don't change our ways soon - and embrace clean, alternative energy and educate women around the plant - then we all could be headed for a rough century.-Thom(Is there any chance we will learn in time? Tell us here.) -
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