Healthcare insurance industry insider: “We win”

From Politico’s Ben Smith, quoting a healthcare insider:

We WIN… Administered by private insurance companies. No government funding. No government insurance competitor.

Forget about the politicians. This statements speaks more loudly than anything they can say. And most healthcare stocks are closing in on 52-week highs as a result (AET, CI, HUM, UNH, WLP). So, no true banking reform and no true reform in healthcare either.


Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty years of business experience. He is also a regular economic and financial commentator on BBC World News, CNBC Television, Business News Network, CBC, Fox Television and RT Television. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College. Edward also writes a premium financial newsletter. Sign up here for a free trial.