I’m not entirely sure why the stocks are falling. Does anybody think they’re going to tidy up their profit margins? They’re going to walk around in armored limousines with security details. And the new administration is going to make absolutely certain they can still bulldoze their way through.
One of them already walked back a “we will limit the amount of anaethestic you’re allowed in surgical procedures” they’d announced.
The market sees that the CEOs fear for their lives and want to make it sound like they care rather than deny care, so profits will fall, because paying for healthcare is a lot more expensive than paying a call centre worker to say no.
Hence the industry as a whole is less profitable, because, you know, what with death being so unpopular suddenly these days amongst healthcare CEOs.
I’m assuming that investors think there might be a sea change in public opinion coming, which may drive some new, less profitable, legislation.
Totally a buy opportunity. Long-term obviously. Especially in a recession.
Now into the why of the fall? There’s a new proposed bill to regulate HMOs, they don’t know what will happen there but with the public supporting it, it might be risky bet.
That and their latest balance wasn’t that good. I mean these types of companies have like a 6 to 11 percent profit margin. That’s not much money actually overall
An entire industry built on taking money they didn’t earn to deny the care our doctors prescribe for us… Are we stupid??
It’s not stupidity, because over 99% of us didn’t have a choice. It’s greed. Greedy little piggy leaders of major systems designed to fuck over everyone but them.
My default response to this is what was voter turnout for the last election? People are fond of referring to the 4 boxes: soap, ballot, jury, and cartridge, but they don’t bother with the second.
I’ve literally never heard a single person refer to these 4 boxes, so I must take issue with your assertion that people are fond of doing it. You’re also seemingly discounting innumerable factors, like the hundreds of billions of dollars spent on distracting and deceiving people into both voting against their best interests, and not voting at all.
In short, your default response is a reductive and unhelpful platitude. Not trying to be a jerk (it just comes naturally). Best of luck.
I mean, the electorate keeps voting for people who won’t pass health care reform so… Yes?
worse, we vote for healthcare reforms that would take us back to when no one poor got any care at all. we elected our own killers
Those people are the only options on the ballot though. We can’t vote for something that’s not an option
We had that option in 2016 but nobody votes in the fucking primaries.
And the party did everything they could to screw him over.
The fuck are you talking about? First of all, primaries exist. Secondly, with only a few notable exceptions, Democrats favor single-payer. The original ACA was a government healthcare bill with a private option but Joe Lieberman was the holdout and gutted it. Stating otherwise is intellectually dishonest and deliberately ignorant, or at worst a malicious rewrite of history.
In the last primary who was calling for a switch to a single payer healthcare system? None of the candidates were talking about that.
Joe Liberman left office in 2013. That was 11 years ago.
What the fuck are you talking about about?
I’m pretty sure they meant Joe Manchin.
The star if the rotating villian game.
It was a private system with a public option, but 6 of 1, half a dozen of the other I guess.
Not only that , but voting for the people who are promising to make it even worse.
Propaganda told them to.
Are we stupid??
Yup.
Good. Burn it all down and replace it with universal healthcare.
Like every other modern country! They all get better care for less money!!!
No, you see, America is bigger so it won’t work for some reason
It’s because they have more people per capita, duh.
Just ignore economies of scales you little working class peasants. That doesn’t work here.
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Then they’re a monopoly, so we’ll split them back up in 20 years. And let this cycle continue again.
Public services have this one difference that they’re governed by a democratically chosen body
Awfully optimistic of you to expect that it’ll be replaced by anything better.
I have mixed feelings. On one hand I can absolutely see m4a being awesome if implemented in the laziest way and I can see Trump winding up doing that purely for popularity (highly unlikely but not impossible). But I imagine it’s more likely to be like tricare and i imagine it would explicitly exclude politicized Healthcare like abortion, birth control, and gender affirming care.
US Healthcare is in a pretty bad spot as it is, any durable improvement would be an improvement nonetheless. Just like how the Affordable Care Act was a significant improvement over the wild under-regulated denial-fest that the pre-ACA insurance industry was
I like your optimism but trump will hug Eric and tell him he loves him and that he’s the bestest boy ever before he implements universal health care
Oh then someone should [redacted]
If I don’t have even a shred of optimism my mental health would be x10 worse. I need it, swiper no swiping. 🙃
Aw maannn
but I wouldn’t leave replacing them off of the table…
Trump wants his solutions. It’s gonna be hard figuring out what solutions currently in place will be allowed to stay.
Burn the industry to the ground.
Is it 0? No?
Have a ways to go then.
Same goes for number of biz execs/CEOs.
What shit timing for this… Imagine if this happened like a year ago. Maybe Democrats could have actually had a reason to be pushed to talk about this… Seeing how even Magoos were happy the guy got killed maybe things could have been different.
We live in the stupid timeline though so somehow this will just get worse :/
1/3+ of the party wanted Bernie. Twice. And they couldn’t be arsed to talk about it, his primary policy position. They’re still not taking about it. Too much donor money involved for them to give a shit what their voters say.
Had a reason? They already had a reason. They had thousands of reasons. Thousands of Americans dying due to the shit industry. Is that not a reason enough for Democrats?
They always had the excuse of “people love their healthcare!” That’s the line that was always trotted out. It would be pretty difficult to keep that line when we’re literally executing healthcare CEOs and having a positive nationwide reaction to it.
If journalists would actually do their proper duty for the population and not their masters (lmao) they’d start pushing representatives on the topic as it relates to the response.
(Instead though we get articles like “Bad luck Brian was the working class hero, not Luigi” from the NYT. 🤮)
Bernie’s Medicare For All plan has been out there close to a decade now and I would argue that proposal is a huge part of his popularity. Democrats knew that and they told him, and by extension his supporters, to go fuck themselves. They know people want this but they don’t care.
Dems killed off single-payer years ago. Obamacare was designed to be dogshit under their watch. Sorry friend, we both are in the sufferin’-timeline where the DNC never does anything but crush any chance at progressive policy that could “hurt” their rich donors
Isn’t Obamacare really Romneycare with Democratic support? They compromised so much to get it through. Manchin and the like, the thorn in the Democratic party. But yeah, Berniecare would be much better, partly because I think he cares a lot more than a lot of politicians.
If i can find the article all about bullshit the Democrats’ did to the ACA before it got signed I’ll link it. Quite a bit more to it then compromising with Rs, they had a lot of Ds to ‘convince’
they had a lot of ‘Ds’ to convince
Sadly, yes.
That not entirely accurate. Just a wander through the wiki on the history of the ACA shows what happened, both the efforts and roadblocks, the improvements to what was before, as well as the limited time frame.
Good. Shareholding and profiteering off healthcare should not be a thing. It should be a government service not a business, although I’d bet a million dollars I don’t have, that it won’t happen under Trump. And if it ever does happen, they had better fucking plan it to be rock-solid against ruthless cutthroat cheating grifters like him.
Health food shelter clothing.
All of these things should be provided to everyone in every country, paid for by taxes.
Just eliminate the struggle of the common person from these 4 things is a goal worth being a prime prime directive
Portip: short stock. Pump bullets into CEOs. Profit from dump.
magdump/stockdump
That’s an actual series of missions in GTAV
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That sounds like a great next bestseller from AKPress, shelved between “how to blow up a pipeline” and “living my life”
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For once, we have a good news.
Sounds like tHe mARkEt thinks something will gut the industry. But there is no indication of actual real change happening. So what’s going on?
The rich are experiencing fear and reacting emotionally.
JackNicholsonYesYESS.gif
5 to 13 percent isn’t a big deal really. I bet it’s not even due to what article implies. investors don’t care about public perception, they’re worried that UHC changed course on a lucrative planned policy (restricting anaesthesia) and might do so again impacting profits.
That was Anthem Blue Thingy that changed course, not UHC.
Ah yes thanks for that you’re right
Wut?
U.S. regulations have three levels of a circuit breaker, which are set to halt trading when the S&P 500 Index drops 7%, 13%, and 20%.
Granted that’s the main market index not an individual security, but a 5-11% drop is significant. Iirc the last time it ended the day’s trading for the S&P was the start of COVID, when investors ran a fire sale liquidation because nobody knew if the whole world was going to die.
A downswing is a hurdle to recover from in raw math terms, and represents a bigger blow to vibes based trading, especially given the legislative (virtue signaling so far) action on anti-trust, or the current popular sentiment against insurers.
Most of these ghouls only care about money, so maybe this will help
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