Thursday, September 17, 2009

Reform Rx - Money Talks

Yesterday after Max Baucus released his bill, it won an immediate endorsement from health care industry.

Shares of UnitedHealth Group Inc. (UNH), HealthNet Inc. (HNT), Humana Inc. (HUM), Aetna Inc. (AET), and Cigna Corp. (CI) all reacted by rising at the prospect of mandating coverage without public option competition.

To be fair, the Baucus bill, may improve selected things a little bit but it is not change we can believe in. It is like finding out from the doctor that you broke your leg in one place instead of still have a broken leg and the bill will likely not be much cheaper.

For a brief on the good, bad and ugly on the Baucus bill check out this TPM piece by Brian Beutler. And the right has its own set of good, bad and ugly comments too.

Time to get out the old "insurance" stamp:

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