Donald Johnson

Health Care Stocks Anticipate Weak Reform Bill, If Any

www.intrade.com shows speculators think there is a 30% chance that health care reform will be enacted before midnight Dec. 31, 2009, down from 46% about three days ago.

Link is here: www.intrade.com/

Health insurers' and hospital companies' stocks are soaring in anticipation of a watered down health deform bill or, even better, no bill.

Link is here:

www.businessword.com/

The consensus that's emerging, in other words, is that Obama's press conference last week hurt the drive to Canadianize health insurance markets in the U.S.

Significant minorities of Dems in the House and Senate are showing the common sense to oppose putting the politicians who created the failed Medicare and Medicaid and VA Health Systems in charge of fixing our health insurance markets. Ted Kennedy's old single-payer plan, which has failed to provide quality and affordable care in every country in which it's been tried, won't work in the U.S. either.

Health Care Stocks Anticipate Weak Reform Bill, If Any

As I've blogged many times, most of the problems with the health insurance markets could be resolved with some changes in state and federal insurance regulations that wouldn't cost taxpayers a dime.

If ObamaCare goes down the drain, maybe the hard left members of Congress who've been blocking real reforms because they wanted to force Americans into a Government HMO (Fannie Med) will start listening to Sen. Jim DeMint and others who have better ideas than Teddy Kennedy and Henry Waxman.