It’s interesting to note that stocks are down in the health care industry since the Supreme Court held oral arguments on the Affordable Care Act. People are selling hospital stock and stocks in a variety of insurance companies on speculation that the bill will be repealed in part or in whole. Most health care-related industries stand to lose if there is a repeal. It’s not even clear that the pharmaceutical industry wants to see the law overturned at this point. They can certainly live with the deal they made, and they’ve put a ton of work into complying with the law that would all go to waste. If you wanted to make a gamble, you could make a small fortune betting on the stocks of these companies to go up if the the health care law is upheld. And that fact alone should tell you that 100% of what the Republicans have been saying about ObamaCare is bullshit.
About The Author
BooMan
Martin Longman a contributing editor at the Washington Monthly. He is also the founder of Booman Tribune and Progress Pond. He has a degree in philosophy from Western Michigan University.
I saw a new ad on CNN this morning with a faux doc telling people all the old lies and I thought, huh, the week before the SCOTUS decision?
I’ll take the ad as a good sign that those with money to waste aren’t even bothering to see what they’re up against to blather incoherently.
As the industry, Wall Street and the deniers all suddenly realize what they’ve lost, if it is struck down, will there be a backlash against Rep? Will it be something like, everyone knows of someone who was either helped or could have been helped by Obamacare?
The health care industry is but one of many that support the Republicans. So from a corporate money standpoint I doubt there will be much of a backlash. Sadly.
a corporate money standpoint
This is probably true.
It used to be the case that each industry would look out for itself. Lately, however, and perhaps as a result of the K-Street Project, corporate America has developed much more of a team mentality.
One Chamber to rule them all.
Tweeted.
Not a surprise at all that people are selling off their health care industry stocks. I’m sure there are a few health care related companies that would benefit from repeal, but in general it would be a disaster for all concerned.
State governments that are moving toward a single payer or “Romneycare” solution are going to look very smart.
And how many states are moving towards a single-payer model? And look at here in PA, despite the fact that this state votes Democratic in Presidential elections since at least Gore. Just because it votes GOP in mid-terms the GOP(and current Governor) thinks Obamacare is the worst thing in the history of the world. Put it another way, the GOP and health insurance companies are cutting off their nose to spite their face.
DE is trying for single payer.
In NJ, you get to go to a halfway house.
Wasn’t VT also?
State governments that are moving toward a single payer or “Romneycare” solution are going to look very smart.
I just can’t wait until the first time a Republican gubernatorial candidate in a red state says that uninsured people “can always go to the emergency room, or to Massachusetts.”
This is why I’m not as sure as the liberal bloggers that the mandate or the rest of the reform will be shot down. Unless there is strong countervailing corporate opposition to the law from other sectors, the so-called health care industry wants the law essentially unchanged.
Since I believe this court to be an utterly, irremediably corrupt arm of the worst players in our plutocracy, there’s no obvious reason they’d go against their corporate teammates. Given that alliance, I’m inclined to go along with Howard Dean and others who think taking out the mandate might be a good thing in the longer term.
If Howard is for it, so am I.