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Originally Posted by Tennisnut
Fortunately, the stock market indicates that health care is one of the best performing sectors over the last three years. JNGLX is up with an annualized yield of 37.5 % over the last three years. Sound like healthcare is doing well with all these ACA requirements.
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You are correct in what you say. The back room deals made with the insurance industry were a boon to the healthcare industry.
Shortly after the law was signed, the Roosevelt Institute had this to say about the law and that industry; Roosevelt is a liberal think tank...
"The healthcare legislation is important politically since President Obama now looks suddenly like a “winner”. But will it actually achieve the objective of improving the nation’s health care? Yes, more people will get INSURANCE. Will they actually get more health care paid for?
Not necessarily. We’ve had a bailout for bankers and now the principle seems to be extended to the insurance industry."
Obamacare: A Health Insurance Subsidy, Not Health Care Reform | Roosevelt Institute
I suggest all read this not to temper the excitement shown here BEFORE the law has been completely rolled out, but to simply inform.
But you are right........the deal made with the insurance companies made some rich men in that industry