June 25, 2015

Now that that's out of the way. . .

Now that the Supreme Court has guessed correctly what Obama et al actually meant in the healthcare bill (as opposed to what they actually said), it is perhaps safe to mention that in all our decades of covering the capital, we never ran across a mistake this bad in legislation this important. Which isn't to say we won't find it in the future as the gradocrats who control Washington now - lawyers, economists, MBAs - have little sense of how to be clear and simple. Thus we have a 900 page bill designed in part to subsidize the health insurance industry that has done Obama little political good whereas expanding Medicare would have taken far less space, earned more voter support and not required a Supreme Court decision.. - Sam Smith

Huffington Post - Dallas-based health service provider Tenet Healthcare soared nearly 12 percent after the ruling. Community Health Services, the biggest non-rural hospital chain, climbed nearly 10 percent. HCA Holdings, the parent company of Hospital Corporation of America, rose close to 9 percent. LifePoint Hospitals, which provides health services in rural areas, swelled about 7 percent.
Stock prices increased more modestly for health insurers. UnitedHealth and Humana surged the highest, climbing nearly 3 percent following the decision. Shares in Anthem Blue Cross, Aetna and Cigna rose, too.

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