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HistoricalPEGuy (63.03)

Health Care Plans - Its getting interesting

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November 08, 2007 – Comments (4)

Here's a nice short article from Reuters about the CEO of Wellpoint endorsing "Insurance for Everyone".  When is the last time a CEO came out in favor of a government program that didn't have the ability to profit from it?   If every person in the U.S. got insured, compaines like WLP could see massive revenue gains in just a year.  Combine that with the fact that many of the stocks in this sector are  undervalued.  To me, it just adds up to a great buying opportunity.

http://www.reuters.com/article/marketsNews/idUKN0146347720071101?rpc=44 

WellPoint chief backs universal insurance mandate

WASHINGTON, Nov 1 (Reuters) - The chief executive of WellPoint Inc (WLP.N: Quote, Profile, Research), one of the biggest U.S. health insurers with 36 million customers, said on Thursday individuals should be required to carry insurance as part of any reform effort.

The idea of an individual mandate is at the heart of health care reform proposals of several Democratic candidates for president, including Sen. Hillary Clinton and former Sen. John Edwards. It is also a seminal part of reform in Massachusetts, the U.S. state which has taken the most aggressive steps to increase coverage and tame costs.

Backers of the mandate say it is needed to achieve universal coverage. Insurance would be more affordable with every individual, healthy or sick, in the risk pool, and more would likely get routine check-ups and avoid costly emergency room visits.

"If we don't require access to all," attempts at solving the problem of 47 million people without health insurance in the United States will fail, WellPoint CEO Angela Braly said at the Health Affairs policy conference in Washington, D.C.

Braly noted that a sizable chunk of the uninsured are eligible for public programs but do not sign up.

 

4 Comments – Post Your Own

#1) On November 08, 2007 at 4:32 PM, TMFRik (99.57) wrote:

How about health care for all? Human rights and everything.

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#2) On November 09, 2007 at 12:19 AM, HistoricalPEGuy (63.03) wrote:

Hey TMFRik -- Actual "care"?  I don't think that's on anyone's agenda.  Its sad too.  I'm just an investor trying to identify stocks that will do well in the long run.  Just about this time last year I first saw the drillers.  Now I see health care plans.  I am tempted to write a long note on what I see as the problem with Healthcare today, but I think that's best left for a blog somewhere else.  But if you tempt me...

 

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#3) On November 14, 2007 at 10:13 AM, wingedcreat0r (43.43) wrote:

Heath insurance is not a right.

Why should I pay for someone else's care with my money that I earned through my work?

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#4) On November 14, 2007 at 10:22 AM, HistoricalPEGuy (63.03) wrote:

Last time I checked, the bill of rights didn't say anything about healthcare or any services of that kind.  So I agree with you there.

By the way, you already paying for someone else's care - and you are doing it spades.  Its called Medicare, Medicaid and Social Security.  Its about 31% of your total tax money right now. 

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