Healthcare insurance industry insider: “We win”

By Edward Harrison On Dec 7, 2009

From Politico’s Ben Smith, quoting a healthcare insider:

We WIN… Administered by private insurance companies. No government funding. No government insurance competitor.

Forget about the politicians. This statements speaks more loudly than anything they can say. And most healthcare stocks are closing in on 52-week highs as a result (AET, CI, HUM, UNH, WLP). So, no true banking reform and no true reform in healthcare either.

Edward Harrison 7783 posts 575 comments

Edward Harrison is a senior Editor at Bloomberg. He is also the founder of Credit Writedowns newsletter, a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.

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