Monday, October 12, 2009

Why Health Insurance Companies Are Mad As Hell

Via Nate Silver at FiveThirtyEight, this may be one reason why health insurance companies are digging in and spending tons of cash since Labor Day:

Take a look at what's happened to the share prices of the six largest publicly-traded health insurance companies since Labor Day, which was about the point at which the Democrats appeared to regain their footing -- at least up to a point -- on health care.




Losing $9.9 billion in six weeks? Money talks, and bullshit walks.


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