Jake Huneycutt
Deep value

Carhops, Coneys, And Healthcare: Why I'm Short Sonic Drive-Ins, Part I

It's taken a long time since it was signed into law in 2010, but the Affordable Care Act, commonly known as "Obamacare," will finally see its major provisions implemented in 2014. My expectation is that the act will have a negative impact on the US economy. The ACA will not only lead to higher direct taxes; but could also create very large stealth taxes, as younger, healthier consumers are forced to absorb much higher costs.

You can already see this happening by observing skyrocketing insurance premiums across the nation. A recent example comes from Maryland where CareFirst BlueCross BlueShield has announced that premiums will rise, on average, by about 25 percent next year. These de facto...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
FREESA PRO MEMBERS
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details