The rise in stock prices has been particularly striking in the period since Sen. Joe Lieberman (I-Conn.) said on October 27 that he would filibuster a Senate health care reform bill if it included a public option - a threat that caused Senate leaders to cave without much of a fight. Here's a quick breakdown of major health insurance company stock performance from
Oct. 27 to Friday's market close:
Coventry Health Care, Inc. is up 31.6 percent;
CIGNA Corp. is up 29.1 percent;
Aetna Inc. is up 27.1 percent;
WellPoint, Inc. is up 26.6 percent;
UnitedHealth Group Inc. is up 20.5 percent;
And Humana Inc. is up 13.6 percent.
By comparsion, the Dow Jones Industrial Average is only up 2.3 percent during that time; the NASDAQ Composite is up a (relatively) paltry 1.4 percent.
Thanks Joe. (CT-I*)
* Insurance Party