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RIP USA

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March 22, 2010 – Comments (7) | RELATED TICKERS: AET , CVH.DL2 , CVS

So this is going straight from the head of what I could read and understand in the historic 2000 page document that was sadly passed tonight.  So if I can sum up what I AS THE TYPICAL AMERICAN can do right here:

1) Everyone will or will be required to have healthcare by 2014 or so or be penalyzed an amount that is approximately what many pay in healthcare today.  So basically, if you don't get healthcare, you will pay for it anyway either in fine or through a national healthcare program or get something private or even stay with your current one.

2) Companies will be allowed to drop their healthcare payments to employees to 60% which is a huge drop from the averages that are in the 80%+ range.  Mine is somewhat higher closer to the 90% range.  

3) Government will have open access to bank accounts to I assume send money to for healthcare costs.

4) Yada yada yada, numbers and other stuff that don't really affect me and don't really get to what I am trying to get to.

With this bill, you have gone further in taking away more freedom from the American.  They no longer can choose whether or not to get healthcare.  So I guess if they don't have enough money coming in as it is already to put food on the table, they can now take those sick kids and family members to the hospital so they can be treated.  TaDA!  Yay!  

Government in the national programs will most likely know everything about you from your bank accounts to what illnesses you have or have had.  Wow.  Nothing like going somewhere and having them know more about you than even you know!  Forgot you had that embarrassing infection down "there"?  Don't worry, I can bring up this database and it will show everything!  "Oh wow, you also had warts on your feet back in 2008??  YUCK!"

So how does this affect the stock market?  I honestly don't know.  I would think it has to affect something.  With this bill and the action to make people have their own retirement accounts (since obviously social security is a failure) in the future, I guess we really are paying for freedom - literally.  I hear people say USA is finally catching up to the 21st century.  What does that mean?  You mean having less freedom like most of the rest of the world?  BingO!

I would think stocks like Coventry Health Care (CVH), Aetna (AET), CVS Caremark (CVS), and many others somewhat involved in the healthcare industry will be affected someway either now or by 2014.  But I don't know.  Never was a healthcare fan.  You see, I am young, I pay less than $80 in company health care, and never had a problem.  But now that I got a problem, I am sure to stay up-to-date on this.  Perhaps we can put our heads together and scope out which stocks to trade on this historic bill.

In the meantime, it is somewhat a disaster that many of these low-income families that are otherwise healthy, will have just that much LESS money coming in monthly to pay for their life's necessities.

 

7 Comments – Post Your Own

#1) On March 22, 2010 at 3:46 AM, Buckaneer (< 20) wrote:

defeatist. quitter. American is strong and is only getting better. 'nuff of your doomsday crap.

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#2) On March 22, 2010 at 5:48 AM, outoffocus (22.84) wrote:

I appreciate your opinion though it may not be well recieved by everyone.  I too am curious how this bill will effect the stock market. But here is my analysis:

 - 32 million people will be added to health insurance rolls around the country

 - Since no changes were actually made the healthcare itself in this country, healthcare costs will go up exponentially.

 - With the added customers, comes higher usage of prescription drugs

 - The average American will now be forced to spend a higher portion of their (declining) take home pay on healthcare. 

 - Lifetime Maximums are being removed.  A boon for the cancer industry.

Therefore I think the following types of companies will benefit from this bill: Health Insurance companies (medium to large), Pharmaceutical companies, Medical supply companies.

Companies hurt by this bill: Small health insurance companies,
Retail sellers of discretionary items.

Jobs created by this bill: nurses, Specialist doctors, adminstrative professionals, lawyers.

Jobs lost by this bill: General practioners, retail employees, and a influx of people who would have gone to other industries but will decide to enter healthcare because its the "hot" field to enter into. 

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#3) On March 26, 2010 at 10:07 PM, SockMarket (40.70) wrote:

3) Government will have open access to bank accounts to I assume send money to for healthcare costs.

Are you sure? Can you quote the text? If this is real it is quite serious. Talk about breech of privacy (not to mention theft). My dough is an effect dammit!

 

And something that people are ignoring (including you, I believe) is that below a certain income threshold you don't have to buy healthcare.

 

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#4) On March 28, 2010 at 12:37 PM, cashkid79 (92.92) wrote:

Haha...privacy is funny when it comes to healthcare and government...did you know that...

If you are a military member active duty and go to the hospital under orders of the doctor on base, then in order to have the bill paid, in cases of sensitive diagnosis (AIDS, drug abuse, VD, mental illness, anything serious, etc.) you MUST consent to your signature in order to release your medical records to a third-party insurance provider that is tied into a national medical records database...and it does not matter if the diagnosis from this one doctor was correct/accurate/anything - only that it will be put into the system or you will be reported to collections for the bill and referred to Dept. of the Treasury to garnish wages or taxes, etc...

The funny part is...right under where the signature line is for this release (I have seen it with my own eyes and have a copy) it states clearly that you the one signing were not coeerced in any way, are doing so freely and voluntarily, blah, blah, legal, blah...I wonder why all that is needed, hmmmm...

So is it pressuring or cooercing someone to either sign away their privacy or have their credit ruined, the Dept of Treasury garnish wages, risk potential employers walking away, etc...or is it just a clever way to make you PAY for something that the entire system and everyone in the process has acknowledged is an expense covered by the military/gov...

THEN - after the fact, the truth comes out...you must sign away that this doctor could have said you have AIDS, herpes, are a paranoid delusional schizophrenic and now that is in your permanent medical history...

So which do you choose - have something inaccurate or that you don't even KNOW released into your permanent medical file with a public third-party insurance service provider connected at the national level (yes, that is how insurance is already connected - and how MDs track which doctors you have been to, what meds you have filled at what pharmacy, etc.) or PAY THEM for something you didn't want to begin with and legally they are obligated to cover 100% of those expenses or wait until the Treasury department decides to garnish your wages, have your credit ruined, and possibly have potential employers walk away from you thinking that you are completely irresponsible...

Something to think about...and something I know for a fact to be true...

Anonymous (hehe)

 

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#5) On March 28, 2010 at 12:40 PM, cashkid79 (92.92) wrote:

Disclosure:  I also do swear and affirm that I do not have AIDS or any VD, just in case this ever makes it around to someone (female) I know, haaha

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#6) On March 28, 2010 at 12:42 PM, cashkid79 (92.92) wrote:

And hopefully they seal up THAT leak pretty quickly...

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#7) On March 28, 2010 at 2:43 PM, cashkid79 (92.92) wrote:

oh yeah, im not crazy or on (rec) drugs either...but it's almost more fun when people think you are :>

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