Going Short on Insurance Stocks

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nddtrader's picture
Status: Member (Offline)
Joined: Jul 16 2009
Posts: 2
Going Short on Insurance Stocks

I just learned that the House's current health care proposal will, one year after the legislation goes into effect, effectively prohibit employers from offering their employees the right to enroll in any private insurance programs. New employees will be obligated to enroll in the federal program.  The bill also prohibits those going into business for themselves to opt for private health care insurance as well.  One analyst suggested that this will effectively gut the health insurance industry. Incidentally, the non-competitive elements of this bill are clearly stated on page 16.

Looks to me like the future of the private health insurance industry is pretty bleak.

Anyone care to comment?



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