Doc 224899

Stimulus Funds for E-Records Augur Big Windfall for Small Health Firms

Doctor "tcitc", above, has summarized the problems clearly and succinctly. All of what he says is true, based on my first-hand experience with the same electronic healthcare information systems.

And, there is solid data which I think demonstrates that the Obama approach to healthcare reform is chilling the market. I'll reference the following article (Percentage of Stocks Above 50-Day Moving Averages , posted 3/24/09) and explain as follows:

The most dismally failing sector in the list is Health Care.

The second most dismally failing sector is Utilities (which I think of as energy that gets delivered to people like you and me and keeps the lights on at night, as opposed to the Energy sector, which is energy that makes money for the people who boss around folks wearing hardhats). Announcing to the whole world that President Obama will bankrupt the backbone of American utilities, the coal industry, explains the market pessimism in the Utility sector in response to President Obama's destructive and unfortunately relentless energies.

For all the Obama campaign talk about focusing on domestic issues and "saving" the important things at home, the bear rally has ignored the only service sector we literally cannot live without, Health Care.

The bear rally serves as a prediction for what will do well in the long run, if anything will ever again do well in the long run, during a recovery or post-consolidation market.

The Obama health care reform plan for creating a more extensive Health Care bureaucracy with more bean-counters and more rapidly-shared information that nobody knows what to do with will not "save" Health Care. It will just "re-distribute the wealth" in the sector in a spiteful neo-Marxist sort of way that will ultimately bankrupt every organization that tries to put doctors in the position of seeing patients. It will also make it easier for trial attorneys to harvest fees, bleeding dollars away from doctors and facilities and suppliers of drugs and supplies and equipment. The market recognizes this reality, and the chart reflects it.

At least this week the president will be overseas, so maybe American corporations will have a chance to recover a little while he tries to convince the G20 approve of the same policy agenda that has so chilled the market at home.