Truthdig - Ear to the Ground - Insurance Stocks Rise After Obama Speech

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Insurance Stocks Rise After Obama Speech

White House / Pete Souza

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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TAGS: health insurance money obama politics public option senate speech stocks wall street

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November 24, 2009 Obama Risks Losing His Judicial Prize
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By G.Anderson, September 12 at 12:34 pm #

After you’ve added up all the words, and put them in a pile, tried to figure out just what was said, the meaning of all of it, and the implications for what’s happing, it can be hard to really decide what was said.

But here it is as plain as day, the insurance companies are feeling no pain.

I saw someone trying to look so very tough, but I got the feeling this was just a way of over compensating.

If the stocks had crashed the next day, we would have been sure that real reform was coming.

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By Steve E, September 12 at 4:14 am #
(Unregistered commenter)

History proves the herds of sheep just get bigger but the mindset stays the same.
Thanks Barrack. You are one slimy politician.

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By ma77hew77, September 11 at 9:36 pm #
(Unregistered commenter)

That is why he was given the job folks.
The hope in his campaign was referring to the HOPE that the corporations that call the shots are not shaken by any thing the Democrats say they will do.

It’s all a dog and pony show. Heck, Biden is from credit card land and signed the anti-citizen pro-corporate bankruptcy bill as fast as he could get his hands on it.

The change that Obama was referring to in his campaign was the change in campaign finance regulations the Supreme Court will overturn.

You want change and hope again? It begins with taking to the streets and taking it back from the corporations that run the this government.

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By Brusays, September 11 at 7:39 pm #
(Unregistered commenter)

Follow the money!

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By LostHills, September 11 at 11:00 am #

Money talks…..

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By bane-richter, September 11 at 8:28 am #

Ever get the idea that the entire summer has been devoted to an elaborately staged production of “Insurance Company Profits, A Faux-Democracy Production”?.
Right on Commune115, Obama knows who he works for.

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By Commune115, September 10 at 3:24 pm #

Obama is a disciple of the corporate masters of this country. Wake up people, only the organized masses can bring real change.

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