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.
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.
The wider left is in dire need of a big Win.
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 :/
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’
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.
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
