I'm not entirely sure why the stocks are falling. Does anybody think they're going to tidy up their profit margins? They're going to walk around in armored limousines with security details. And the new administration is going to make absolutely certain they can still bulldoze their way through.
One of them already walked back a "we will limit the amount of anaethestic you're allowed in surgical procedures" they'd announced.
The market sees that the CEOs fear for their lives and want to make it sound like they care rather than deny care, so profits will fall, because paying for healthcare is a lot more expensive than paying a call centre worker to say no.
Hence the industry as a whole is less profitable, because, you know, what with death being so unpopular suddenly these days amongst healthcare CEOs.
I'm assuming that investors think there might be a sea change in public opinion coming, which may drive some new, less profitable, legislation.
An entire industry built on taking money they didn't earn to deny the care our doctors prescribe for us... Are we stupid??
I mean, the electorate keeps voting for people who won't pass health care reform so.. Yes?
worse, we vote for healthcare reforms that would take us back to when no one poor got any care at all. we elected our own killers
Those people are the only options on the ballot though. We can't vote for something that's not an option
The fuck are you talking about? First of all, primaries exist. Secondly, with only a few notable exceptions, Democrats favor single-payer. The original ACA was a government healthcare bill with a private option but Joe Lieberman was the holdout and gutted it. Stating otherwise is intellectually dishonest and deliberately ignorant, or at worst a malicious rewrite of history.
Are we stupid??
Yup.
It's not stupidity, because over 99% of us didn't have a choice. It's greed. Greedy little piggy leaders of major systems designed to fuck over everyone but them.
My default response to this is what was voter turnout for the last election? People are fond of referring to the 4 boxes: soap, ballot, jury, and cartridge, but they don't bother with the second.
I've literally never heard a single person refer to these 4 boxes, so I must take issue with your assertion that people are fond of doing it. You're also seemingly discounting innumerable factors, like the hundreds of billions of dollars spent on distracting and deceiving people into both voting against their best interests, and not voting at all.
In short, your default response is a reductive and unhelpful platitude. Not trying to be a jerk (it just comes naturally). Best of luck.
Good. Burn it all down and replace it with universal healthcare.
Like every other modern country! They all get better care for less money!!!
No, you see, America is bigger so it won't work for some reason
It's because they have more people per capita, duh.
Just ignore economies of scales you little working class peasants. That doesn't work here.
Awfully optimistic of you to expect that it'll be replaced by anything better.
If I don't have even a shred of optimism my mental health would be x10 worse. I need it, swiper no swiping. 🙃
Portip: short stock. Pump bullets into CEOs. Profit from dump.
That's an actual series of missions in GTAV
magdump/stockdump
For once, we have a good news.
Burn the industry to the ground.
Good. Shareholding and profiteering off healthcare should not be a thing. It should be a government service not a business, although I'd bet a million dollars I don't have, that it won't happen under Trump. And if it ever does happen, they had better fucking plan it to be rock-solid against ruthless cutthroat cheating grifters like him.
Health food shelter clothing.
All of these things should be provided to everyone in every country, paid for by taxes.
Just eliminate the struggle of the common person from these 4 things is a goal worth being a prime prime directive
What shit timing for this... Imagine if this happened like a year ago. Maybe Democrats could have actually had a reason to be pushed to talk about this... Seeing how even Magoos were happy the guy got killed maybe things could have been different.
We live in the stupid timeline though so somehow this will just get worse :/
1/3+ of the party wanted Bernie. Twice. And they couldn't be arsed to talk about it, his primary policy position. They're still not taking about it. Too much donor money involved for them to give a shit what their voters say.
Had a reason? They already had a reason. They had thousands of reasons. Thousands of Americans dying due to the shit industry. Is that not a reason enough for Democrats?
They always had the excuse of "people love their healthcare!" That's the line that was always trotted out. It would be pretty difficult to keep that line when we're literally executing healthcare CEOs and having a positive nationwide reaction to it.
If journalists would actually do their proper duty for the population and not their masters (lmao) they'd start pushing representatives on the topic as it relates to the response.
(Instead though we get articles like "Bad luck Brian was the working class hero, not Luigi" from the NYT. 🤮)
Bernie's Medicare For All plan has been out there close to a decade now and I would argue that proposal is a huge part of his popularity. Democrats knew that and they told him, and by extension his supporters, to go fuck themselves. They know people want this but they don't care.
Dems killed off single-payer years ago. Obamacare was designed to be dogshit under their watch. Sorry friend, we both are in the sufferin'-timeline where the DNC never does anything but crush any chance at progressive policy that could "hurt" their rich donors
Sounds like tHe mARkEt thinks something will gut the industry. But there is no indication of actual real change happening. So what's going on?
The rich are experiencing fear and reacting emotionally.
5 to 13 percent isn't a big deal really. I bet it's not even due to what article implies. investors don't care about public perception, they're worried that UHC changed course on a lucrative planned policy (restricting anaesthesia) and might do so again impacting profits.
JackNicholsonYesYESS.gif
Totally a buy opportunity. Long-term obviously. Especially in a recession.
Now into the why of the fall? There's a new proposed bill to regulate HMOs, they don't know what will happen there but with the public supporting it, it might be risky bet.
That and their latest balance wasn't that good. I mean these types of companies have like a 6 to 11 percent profit margin. That's not much money actually overall
Most of these ghouls only care about money, so maybe this will help
Welcome to the News community!
Rules:
1. Be civil
Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.
2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.
Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.
3. No bots, spam or self-promotion.
Only approved bots, which follow the guidelines for bots set by the instance, are allowed.
4. Post titles should be the same as the article used as source.
Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.
5. Only recent news is allowed.
Posts must be news from the most recent 30 days.
6. All posts must be news articles.
No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.
7. No duplicate posts.
If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.
8. Misinformation is prohibited.
Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.
9. No link shorteners.
The auto mod will contact you if a link shortener is detected, please delete your post if they are right.
10. Don't copy entire article in your post body
For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.