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What Wall Street thinks about the health-care vote

We’ve been hearing a lot of bombast from the Republicans about how Obamacare is “socialism” and a “government takeover of the health industry.” But those dire forecasts weren’t reflected in the stock market surge today -- powered in part by some of the big health-care companies.

The winners included many hospital and nursing home chains. Also up were some major drug-makers and drug distributors. And while results for health insurers were mixed, some of the biggest and best-managed companies, such as Aetna and United Health, saw gains.

Attempts to decode the stock market are often delusional, but here’s what I think Wall Street is saying: The health-care sector can anticipate a whole lot more government money headed its way, and the new legislation won’t do much to cut costs – or health-industry revenues and profits.

But if the prospect of heath-care reform without binding cost controls has made Wall Street happy, it should worry the rest of us. Extending the existing bloated and inefficient system to everyone will make the health-care companies rich -- and the country poor. “Pretty much everybody gets a pony, except for the taxpayers,” one analyst told MarketWatch news service this afternoon. That probably sums it up right.

People who favor the legislation’s guarantee of coverage for all citizens will need to work extra-hard to prove the market wrong about cost-control.

Old slogan for the sensible centrist: Pass health-care reform! New slogan: Cut costs!

By David Ignatius  | March 22, 2010; 6:05 PM ET
Categories:  Ignatius  | Tags:  David Ignatius  
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Comments

This comment is directed exclusively at our great leader.It would seem this way that but one person throughout this great country, soon to be trashed,recognizes you for who you really are.It I will admit is truely sad that I of all people would remember the scriptures in the Bible and no one else.It was said in the Bible that to prove our faith in our Lord, he will allow three anti-Christ to walk with us and tempt to sway us away from our savior Jesus Christ.We have already had two anti-Christ and the third will be borned in the western hemisphere.We, that is the United States,are of the western hemisphere.Now what type of person would be the perfect choice to be sent to lead us away from our long held beliefs.Mr Obama of course,as he using his color would always have a large following.Whom ever objects and comes forth to who he really is would be tagged a racist.Well I am not and until coming across critical info on this heretic would have voted for him. If the people who had voted for him,including those of the race he has disguised himself to be,do not open thier eyes,then we are truely a lost soul.Maybe that is the way it was suppose to be,one man who's soul in tack is left to scream out to the world, Obama is the third anti-Christ.For those of you who would shrug off this fact can only be considered a fool and one of satin's children.

Posted by: dollar_bil2 | March 22, 2010 7:39 PM | Report abuse

I think you are on to something, David.

If you'll permit me to read between the lines a bit ...

The Financial Sector got the bailout, and now fights the regulation of seedy business practices.

The Health Care Sector got the seedy business practices regulation, and we can now measure Health Care costs, where the players are on a more equal footing.

Real "Socialism" would have been spreading the Toxic Assets around the Financial Sector (at full price, of course). Main St. would still like to see that.

Posted by: gannon_dick | March 22, 2010 8:10 PM | Report abuse

Well, if that is the case, then we can all go and buy insurance company stocks, so where is the problem?

Posted by: lohengrin | March 22, 2010 10:22 PM | Report abuse

What do taxpayers get from this bill?

First they got to see first hand who run the Republican Party. It was obvious the Republican Representatives are listening to a vocal segment of rable-rousers and are encouraging them to disrupt the democratic process.

Second the people benefit both through financial help and through peace of mind in the area of healthcare. Many marriages will be saved with less healthcare related stress. Many lives will be saved.

The people got the “doughnut hole” closed, to stop insurance companies from rescinding policies when they discover a pre-existing condition, to leave children up to 26 on their parents’ insurance coverage, to cover children immediately who have pre-existing conditions and much more.

What is this worth to the Country?

Come November 2010, we will find out. I submit the Republicans did themselves irreparable harm by not acting as reasonable, responsible elected gentlemen & women of the House and negotiating for the people they represent instead of acting like poor white trash from the Civil Rights wars of the 1960s.

Posted by: SCVoter | March 22, 2010 11:05 PM | Report abuse

Posted by: dollar_bil2

Obama is the third anti-Christ.For those of you who would shrug off this fact can only be considered a fool and one of satin's children.
-------

Really, dollar bill, don't hold back--what do you really think?

--a child of denim

Posted by: scientist1 | March 23, 2010 1:02 AM | Report abuse

people who read the WP need some serious therapy.

Posted by: osullivanc1 | March 23, 2010 1:57 AM | Report abuse

Another way to read the markets -- investors see increased revenue and increased profits as a result of the increased revenue coming from an expanded market, but not necessarily an increase in revenue as a percentage in profits.

e.g. a business was once netting $200 mill with a 10 percent profit margin (e.g. $20 mill.); however the business now sees $300 mill in revenue with an 8 percent profit margin (e.g. $24 mill. in profits).

If this is the case, the reform package could still good news for consumers and taxpayers. Given that the measure is likely to reduce costs for small businesses, and lower the average cost for the typical customer in the individual market (or in the worst case substantially reduce the rate of increase) -- it possible to see a potentially more wide-spread benefit than a simple zero-sum trade-off.

Posted by: JPRS | March 23, 2010 2:26 AM | Report abuse

With health care passing it tells the world that the freedom that we used to have here in America is gone and we are on our way to a true Socialist State. Maybe when the masses finally see whats really going on, it will be to late but then maybe, I could see the lights in there eyes on. People forget there history so quickly. Read about Hitler and how he stole the peoples freedom slowly but most assuredly then, everyone was in denial until it was to late. GO BLESS OUR PEOPLE OF THIS USED TO BE GREAT COUNTRY. Also bless our Founding farthers for all there belifes and stuggles to creat a great country for us. And Bless the men and women who fought for our freedom and died for us in the past. We are on a dangerous spiral down the path of no return. The young women and men of our country have been sold a bad bill of goods and if they don't listen to there elders soon we will have lost our freedom for our future generations forever.

Posted by: annieandpauldonovan | March 23, 2010 3:38 AM | Report abuse

This bill, even though a bonus for private health care, was the right first step. All citizens should have access to health care without danger of bankruptcy. The next step is to control costs, but that step must start from the premise that everybody is insured. It will become obvious over the next decade that without intrusive regulation from the Federal government costs cannot be controlled. We can expect more bills but they need not be as comprehensive as this one.

Posted by: serban1 | March 23, 2010 4:49 AM | Report abuse

Cut costs! Get a yearly check-up, stop smoking, eat less junk food, drive less and walk more, but be sure to look both ways when crossing the street! Get healthy, America!

Respectfully,
F.M.

Posted by: Felipe_M | March 23, 2010 4:54 AM | Report abuse

very clever but also obvious post. As long as there is no state-owned hospitals, or at the very least, public option, the insurance companies will have free rain to just do what they do best, explore consumers. And if there's more money in the game (namely from the state), they will just rip off consumers enven more!!! The only way to counter-act that is if there's a way that the public can go to if insurance companies become too greedy; and that can only be provided by the state. As an european, who loves the US and the americans, I could never, and will never understand why the US doesn't do what every other civilized country in the world does concerning healthcare.

Posted by: respostas17 | March 23, 2010 5:25 AM | Report abuse

Dear, oh dear, dollar_bill2

Obama is not the anti-christ, nor are we children of a piece of cloth. (satin) Wake from your slumber-- "You shall know the truth, and the truth will set you free"

and free you from the spell of Jumbo mumbo jumbo.

Amen

Posted by: Pogoagain | March 23, 2010 7:37 AM | Report abuse

This comment is directed exclusively at our great leader....For those of you who would shrug off this fact can only be considered a fool and one of satin's children.

Posted by: dollar_bil2 | March 22, 2010 7:39 PM
__________________________________
Bill, your Bible must be different than mine: in Matthew 25, mine says (in part), "When I was... ill you cared for me." If that's what HCR is doing for 32 M Americans), then explain how it's the devil's work, please.

Posted by: schmuckatelli | March 23, 2010 7:54 AM | Report abuse

And this has been my objection to this "reform". A government plan to force everyone to buy the product without any meaningful plan to control costs.

Posted by: krankyman | March 23, 2010 8:41 AM | Report abuse

"Old slogan for the sensible centrist: Pass health-care reform! New slogan: Cut costs! "

YOU HAVE IT BACKWARDS! Even before the new costs added (with bogus accounting that says it will save when it will expand costs) what we are doing is unsustainable. We spend half again as much as peer countries already, and with baby boom retirees that policy is doomed.

Costs are #1 for seriously protecting Americans!

But neither party wants to deal with them because they are in the pay of the profiteers and wasteful spenders. Healthcare "reform" is a very bad joke on us.

Posted by: buchmann | March 23, 2010 8:44 AM | Report abuse

David,
One important point that you either neglected or barely noted in your analysis of what the market did yesterday, the legislation was pretty much baked in the market. A true test will be what the market does if the administration is successful in adding to it's socialist agenda by making illegals, legal and "cap and tax".

Posted by: colonyr | March 23, 2010 9:04 AM | Report abuse

Remember, this is the same Wall Street that thought giving $350,000 home loans to illegal alien roofers was a good idea.

Posted by: pmendez | March 23, 2010 9:08 AM | Report abuse

The next step has to be to make sure that health insurers cannot make wind-fall profits for their stock holders.
Unless health insurers are converted into non-profit companies (not likely), the only way is to introduce a public option, that is, start non-profit companies, similar to mutual life insurance companies. Any profit is then returned to the insured. Sooner or later they should drive commercial insurers out of business or at least make them more responsive to the needs of their insured persons than to their stock holders.

Posted by: schumann-bonn | March 23, 2010 9:28 AM | Report abuse

I guess David you never heard about national socialism in Germany... 1930s era.

BIG German companies were close partners with the fascist regime. They benefited from Government-created monopolies... at the expense of middle-class consumers.

Under this Democratic regime ? The big winners ? Wall Street banks, Auto companies, Big Pharma, Big Health Care, Big Insurance.

Yes David.. it is socialism.

Which party again is the party of BIG Business ? yes. It is the Democrats.

Posted by: pvilso24 | March 23, 2010 10:16 AM | Report abuse

This comment is directed exclusively at our great leader.It would seem this way that but one person throughout this great country, soon to be trashed,recognizes you for who you really are.It I will admit is truely sad that I of all people would remember the scriptures in the Bible and no one else.It was said in the Bible that to prove our faith in our Lord, he will allow three anti-Christ to walk with us and tempt to sway us away from our savior Jesus Christ.We have already had two anti-Christ and the third will be borned in the western hemisphere.We, that is the United States,are of the western hemisphere.Now what type of person would be the perfect choice to be sent to lead us away from our long held beliefs.Mr Obama of course,as he using his color would always have a large following.Whom ever objects and comes forth to who he really is would be tagged a racist.Well I am not and until coming across critical info on this heretic would have voted for him. If the people who had voted for him,including those of the race he has disguised himself to be,do not open thier eyes,then we are truely a lost soul.Maybe that is the way it was suppose to be,one man who's soul in tack is left to scream out to the world, Obama is the third anti-Christ.For those of you who would shrug off this fact can only be considered a fool and one of satin's children.

--------------------------------------

It's scarry knowing we have crazies like this one in our midst.

Posted by: sr31 | March 23, 2010 10:25 AM | Report abuse

Who were the first two anti-Christs? Bush & Cheney? Rice & Rumsfeld? Wolfowitz & Perle? Addington & Yoo? Take your pick: Any of 'em will fill the bill!

Posted by: MickNamVet | March 23, 2010 10:29 AM | Report abuse

dollar_bil2:

First of all, "4 Jesus answered: "Watch out that no one deceives you. 5 For many will come in my name, claiming, 'I am the Christ,' and will deceive many. 6 You will hear of wars and rumors of wars, but see to it that you are not alarmed. Such things must happen, but the end is still to come. 7 Nation will rise against nation, and kingdom against kingdom. There will be famines and earthquakes in various places. 8 All these are the beginning of birth pains."--Matt 24:4-8, so do not be deceived. There are many who profit from false teaching.

Second, 9 "Then you will be handed over to be persecuted and put to death, and you will be hated by all nations because of me. 10 At that time many will turn away from the faith and will betray and hate each other, 11 and many false prophets will appear and deceive many people. 12 Because of the increase of wickedness, the love of most will grow cold, 13 but he who stands firm to the end will be saved. 14 And this gospel of the kingdom will be preached in the whole world as a testimony to all nations, and then the end will come." Matt 24:9-13, there has been no general, worldwide persecution of the church. This is not some grand end-times conspiracy of Satan. The President is not the anti-Christ.

Finally, 36 "No one knows about that day or hour, not even the angels in heaven, nor the Son, but only the Father. 37 As it was in the days of Noah, so it will be at the coming of the Son of Man. 38 For in the days before the flood, people were eating and drinking, marrying and giving in marriage, up to the day Noah entered the ark; 39 and they knew nothing about what would happen until the flood came and took them all away. That is how it will be at the coming of the Son of Man. 40 Two men will be in the field; one will be taken and the other left. 41 Two women will be grinding with a hand mill; one will be taken and the other left. 42 Therefore keep watch, because you do not know on what day your Lord will come."--Matt 24:36-42, the Lord Jesus himself does not know the appointed time. Only God knows it. So, don't presume to know that which Jesus himself doesn't know. Humility and watchfulness are the key. Do that which you are empowered to do, serve others in His name. That is the Christian's commission. LIVE EACH DAY AS THOUGH IT MAY BE THE DAY. That is what He expects of us. There is plenty around you to occupy you. Take care of those around you. Affect your little corner of the world to the greatest extent you can doing the things He did. He did not come to be served, but to serve. That is our example follow.

Posted by: old_sarge | March 23, 2010 10:41 AM | Report abuse

Ignatius, the health care companies came out winners in Obamacare, because Obamacare does absolutely nothing to control costs. Regardless of what Obama has said, there is not one provision in the bill that holds down the cost of health insurance, or the cost of pharmaceuticals.

The bill was simply a huge payoff to Obama's major campaign supporters and does very little for the average American.

Posted by: mike85 | March 23, 2010 10:51 AM | Report abuse

The Lord is smiling on us today, because with Healthcare Reform we have shown him that we care not just about ourselves, but about all Americans. Healthcare reform shows the great JC that we will not leave those with less to struggle in sickness, that we will not let the poor die in our streets, and that we will give the less fortunate better care than waiting in some emergency room.

Just like the work of Jesus Christ himself, healthcare reform now shows that we believe in Beck's call for Faith, Hope and CHARITY!!! Yes, praise be to God and all American's for Healthcare Reform.

Posted by: pwprl | March 23, 2010 10:59 AM | Report abuse

actually most market analysts are saying that the market reacted favorably because the market actually believes that the bill will, in fact, reduce the deficit by comparison with no reform, and that the tax increases are negligible and will not affect consumer spending. all of which means that the market believes that reform will, if not actually reduce health care costs in an absolute sense, at least lower the trajectory of future increases as compared with inflation.

it seems the market knows something the republicans who should know don't

Posted by: JoeT1 | March 23, 2010 11:02 AM | Report abuse

dollar_bil2:

If the third anti-Christ was meant to be born in the Western Hemisphere (did you get this from Nostradomus?), wouldn't that mean that Obama was really born in Hawaii rather than in Kenya?

Posted by: pyoung66 | March 23, 2010 11:07 AM | Report abuse

pyoung66: touche'

Posted by: JoeT1 | March 23, 2010 11:11 AM | Report abuse

In principle, I am perfectly fine with providing universal health care to 90% of the country's citizens. I do, however, insist that the emerging "concierge medical services" industry be preserved for the remaining 10% who possess the necessary cash to pay.

Mind you, both public and concierge services will be essentially equal. Mercifully, one may just be a little more equal than the other.

And so it goes...

Posted by: pgould1 | March 23, 2010 11:35 AM | Report abuse

David,

Way yoo soon to tell. Maybe the market was moderately OK for the day traders, but all in all not much of an indicator of anything. Let's see how the market is effected by deficit numbers, housing starts, oil prices, imports/exports, corporate earnings, etc., before making any judgment on the health care bill.

A real downer for the market may hit when taxes are raised on income, capital gains,and special medicare tax increases on dividends kick in. Then you will get the true "Wall Street" indication of a bull market or bear.

A single day is a bell weather of nothing!

Posted by: cpnorton1 | March 23, 2010 11:38 AM | Report abuse

Looks like dollar bill forgot to drink the kool-aid way back in Jonestown.

Heaven help us.

J

Posted by: ba3344 | March 23, 2010 11:57 AM | Report abuse

Who cares what Wall Street thinks? These
are the same crooks that got us into
financial ruin - with the total assistance
of Bush/Cheney/Rumsfeld/Rice et al.

The same crooks who were bailed out thanks
again to Bush/Cheney/McCain/Bernanke et al.

Financial Reform NOW - AND TAKE IT AWAY FROM THE FED.

Posted by: Sirius2 | March 23, 2010 12:06 PM | Report abuse

Ignatius has a fair comment, and sums up neatly my own concerns about the bill President Obama signed today.

On the other hand, costs weren't being contained before this bill passed, either. Cost containment efforts in the future would have been difficult whether reform had passed or not -- insurance companies, doctors, hospitals will all need to be paid less, patients and patients' families will have to accept the need to spend less on health services in the last year of life, and the whole fee-for-service structure that health care economics are built around will have to be radically altered.

All of these things will be difficult, substantively and politically, but from here on out they'll be attempted in the context of a system that covers everyone, or almost everyone.

Posted by: jbritt3 | March 23, 2010 12:31 PM | Report abuse

Capital has no conscience, I think everyone knows that.

So it looks like the market is UP today. That's good for my 401K.

I like health reform. I think it will work.

Even if Republicans pull an Alf Landon...LOL.

Posted by: tony_in_Durham_NC | March 23, 2010 12:37 PM | Report abuse

"Attempts to decode the stock market are often delusional." That should have stopped the article in it's tracks. But then we would have missed the delusion.

Posted by: kchses1 | March 23, 2010 12:50 PM | Report abuse

Yeah! Wall Street loves health care reform. Guess my Health portfolio which has taken a beating for several years will go up. However, any gain in my portfolio will be mute, because my health care policy and medicare premium are bound to go up to pay for all these citizens who pay zilch in taxes and social security. I am not in the $250,000 income bracket. I am at the lower end of the middle class. You are going to see a national tax go into effect and new local fees (taxes) go into effect to pay for this massive entitlement program. Your health care will be rationed, because we do not have enough Doctors, Nurse Practioners to take care of the patients they now have. How in the world will they take care of 32 million more? Many Doctors and Health Care professionals are going to retire because they cannot practice and take care of their patients without the government telling them that they cannot perform certain procedures

Posted by: kramerv43 | March 23, 2010 12:50 PM | Report abuse

Am I one of satin's children? Cool... I love his sheets. I see a poll said 25% of the GOP thinks Obama is the anti-Christ. No point of arguing with them, I guess.

Posted by: steveboyington | March 23, 2010 12:51 PM | Report abuse

Well put.

“Pretty much everybody gets a pony, except for the taxpayers,” one analyst told MarketWatch news service this afternoon. That probably sums it up right.

How can you reform health care for ALL AMERICANS without addressing the fact that Americans pay twice as much for health care than other countries?

Had Democrats chosen to address the cost of health care, we could have saved money AND subsidized people's care. Instead, we've just inflated the profits of health care companies at an even higher cost to Americans.

Nice going, rocket scientists.

Posted by: postfan1 | March 23, 2010 12:52 PM | Report abuse

Who cares what Wall Street thinks? These
are the same crooks that got us into
financial ruin - with the total assistance
of Bush/Cheney/Rumsfeld/Rice et al.

The same crooks who were bailed out thanks
again to Bush/Cheney/McCain/Bernanke et al.

Financial Reform NOW - AND TAKE IT AWAY FROM THE FED.

Posted by: Sirius2 | March 23, 2010 12:58 PM | Report abuse

The markets love this.

It reduces uncertainty.

It increases US ability to compete on the global marketplace with other nations which spend half as much (percent of GDP) on health care for twice the health care.

And it insures a healthy workforce.

And, at the end of the day, THAT is what matters.

The invisible hand of capitalism knows what is best for it.

Posted by: WillSeattle | March 23, 2010 1:15 PM | Report abuse

"Obama is the third anti-Christ.For those of you who would shrug off this fact can only be considered a fool and one of satin's children."

WOW! THIS IS GREAT! It's so funny I can't get past it to read the other posts. "Satin's children!" This is just one example of the calibre of the intellectual giants currently populating the GOP/Teabag/KKK party.

It's spelled SATAN, you moron!

Posted by: stephenlouis | March 23, 2010 1:37 PM | Report abuse

The people who actually knew Jesus formed communes where all wealth was shared, and the poor were taken care of. You maybe right that Jesus would have opposed this bill, but it would have been because he thought it should have been much more to the left.
The greatest sins in the Bible are
lying - number one by many fold by number of references.
Ignoring Guest Right - Got two cities destoryed, and applies to not being nice to guests in your home, or country.
Not taking care of the Poor.

All those are mentioned many times as great evils, while things like Homosexuality are mentioned 4 times, and 2 of those refer to actions which are now impossible due to the lack of holy hookers.

Posted by: Muddy_Buddy_2000 | March 23, 2010 1:42 PM | Report abuse

"Obama is the third anti-Christ.For those of you who would shrug off this fact can only be considered a fool and one of satin's children.

Posted by: dollar_bil2"

Actually, bil, I'm not one of satin's children. Silk's maybe; but not satin's.

And who were the first two anti-Christs?

Posted by: thrh | March 23, 2010 1:51 PM | Report abuse

One step at a time, Mr. Ignatius. The Health Care Bill is just starting out on its shakedown cruise to get out the kinks. The most important first step has been taken - to get the bill launched.

Like social security and medicare before it, health care will eventually become an indispensable staple of the US economy, for the public good.

In a democratic society, isn't that the purpose?

Posted by: maybat1 | March 23, 2010 2:10 PM | Report abuse

I am 74, on SS, Medicare,AARP and will either benefit the most or suffer the least from all this politics. But I have preached to my own family that somebody better start voting for some form of common sense in government health and retirement programs before those who have little can vote themselves more than those who have more can pay for. My assumption was that the younger generation would realize that the elderly and poor need to be helped but not turned into a client for the "nanny state". Alas it never occurred to me the same folks who will now have to pay for all this would be the ones who voted for all this! Go figure!!!!

Posted by: fcrucian | March 23, 2010 2:13 PM | Report abuse

I hope that there will be a bipartisian bill focusing on cost control after the fall elections.

Posted by: HuckFinn | March 23, 2010 2:19 PM | Report abuse

Well OF COURSE health care premiums will skyrocket! Any thinking person understands the situation, as insurers are already raising premiums to cover the cost of this debacle. Anyone who thinks this will not affect their health care costs, and insurers will not raise costs tremendously (LEGALLY), is just stupid enough to be a Congressman!

Posted by: wcmillionairre | March 23, 2010 2:31 PM | Report abuse

If I see one more comment from a racist redneck birther Neo-Nazi Tea Party-goer about blessing the Founding Fathers who were deists and believed not in God, per se, but in a superior being, I will puke.

Posted by: dc1020008 | March 23, 2010 2:32 PM | Report abuse

Had Democrats chosen to address the cost of health care, we could have saved money AND subsidized people's care. Instead, we've just inflated the profits of health care companies at an even higher cost to Americans.

Nice going, rocket scientists.
Posted by: postfan1

WORDS OF WISDOM from "postfan 1".
Actually, this is JUST ANOTHER INDUSTRY "BAILOUT" from our friends at the Obama Administration.

NOW...the FUN begins!

Posted by: wcmillionairre | March 23, 2010 2:38 PM | Report abuse

I have a slightly different take. The old system forced insurance companies to compete by seeing who could shed the most high cost policy holders. This is obviously a strategy with diminishing returns since you also have to forfeit their premium checks. If it turns out they were healthier than expected, the insurance company loses.
The law's limits on recision and exclusion of preexisting conditions force insurers to compete by improving efficiency and pressuring providers to offer more cost-effective medicine. As Congress just discovered, that's painful, which is why it was avoided in the past. But if all companies are playing by the same rules, that's the way it will have to be.

Posted by: hackett1 | March 23, 2010 2:50 PM | Report abuse

Here are 10 "Ponies" for the Tax Payers... and 10 reasons why the people of the US are the winners:

1. Once reform is fully implemented, over 95% of Americans will have health insurance coverage, including 32 million who are currently uninsured.

2. Health insurance companies will no longer be allowed to deny people coverage because of preexisting conditions—or to drop coverage when people become sick.

3. Just like members of Congress, individuals and small businesses who can't afford to purchase insurance on their own will be able to pool together and choose from a variety of competing plans with lower premiums.

4. Reform will cut the federal budget deficit by $138 billion over the next ten years, and a whopping $1.2 trillion in the following ten years.

5. Health care will be more affordable for families and small businesses thanks to new tax credits, subsidies, and other assistance—paid for largely by taxing insurance companies, drug companies, and the very wealthiest Americans.

6. Seniors on Medicare will pay less for their prescription drugs because the legislation closes the "donut hole" gap in existing coverage.

7. By reducing health care costs for employers, reform will create or save more than 2.5 million jobs over the next decade.

8. Medicaid will be expanded to offer health insurance coverage to an additional 16 million low-income people.

9. Instead of losing coverage after they leave home or graduate from college, young adults will be able to remain on their families' insurance plans until age 26.

10. Community health centers would receive an additional $11 billion, doubling the number of patients who can be treated regardless of their insurance or ability to pay.


Only a true anti-Christ would try to spin this as something bad for the people.

Posted by: jgarrisn | March 23, 2010 2:59 PM | Report abuse

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