On August 17, 2009 the DOW went down something like 180 points. Most stocks tanked. However some stocks performed pretty well that day. People that are generally in favor of more competition. Some people also think the government does a lousy job at most things. I’m still amazed that I can send a letter from here to Alaska for 44 cents and that it will get there in a few days.
So Obama had a plan to allow the government to set up a health insurance program that could introduce some competition into the private marketplace. In case you haven’t noticed there isn’t a whole lot of competition in the health insurance marketplace. It’s basically run like an oligoply. That is there are few players due to high barriers to entry.
So people that are generally in favor of competition and think the government does a sucky job are opposed to the government competing with private health insurers.
You can imagine how fearful private health insurance corporations are of the government offering services. Just like drug dealers who don’t like other dealers trading on their turf, private health insurance corporations are deathly afraid of losing business to government. They want to protect their own trade. Remember private companies like Aetna, CIGNA and Humana care about profits before all other things. Your health isn’t even a second though. First thought is profits and the second thought is shareholders.
So on August 17, 2009 the market tanked. It went down 2% or so. This was also the day that Obama said he would take the public option (government offered insurance) off of the table, or so the rumor mill swirled.
What stocks do you suppose did great on the day when most others fell, health insurers. As soon as the public option was removed from consideration the health insurers rebounded because they know that they don’t have to compete. Sorta like a drug dealer that caps his competition. When everyone else tanked Aetna, CIGNA and Humana all had a banger of a day because competition was stifled. Each of these stocks went up about 5% on a day that the broader market was hit by large declines.
Don’t be a tool of for profit health insurance corporations.
GET OUTSIDE EVERYDAY!!! ©
I written about burdock a few times and explained the many medicinal uses of it so I figured I’d show a couple pics of second year plants in flower.
Well now you can spot this plant and now you know that the roots from the first years plants and the young leaves are both edible. So supermarkets even sell burdock root. Also, burdock root is a major ingredient in may traditional Chinese medicines.