26dems Homepage
Tech Advisory: This web page is best viewed in Firefox, Safari, or Internet Explorer version 7 and newer. You may have to upgrade Adobe Flashplayer if you experience problems. Report any problem to the webmaster.

Sunday, December 20, 2009

Meet the Press| Scarborough: Health Insurance Stocks Reached 52-YEAR High On Friday

Huffington Post
Dec. 20, 2009

On Sunday's Meet The Press, MSNBC host Joe Scarborough was asked a simple question about health care: What has President Obama achieved? His answer: "He has made a lot of people with insurance stock a lot richer."

"This [bill] is great for insurance companies," he explained. "They were going to reform the system [but] neither side wanted to take on the insurance companies. Neither side wanted to get rid of anti-trust exemptions. Neither side really pushed hard to allow you or me or anybody here to buy across state lines. And as Howard Dean said -- and this is a devastating fact -- insurance companies' stocks reached a 52-year high on Friday after this so called reform bill got its 60th vote. So David Axelrod, who I love and respect, but David Axelrod kept saying 'we took on the insurance companies, this is real reform, they're against it.' Really? I don't think so."

Watch the discussion below:

Visit msnbc.com for breaking news, world news, and news about the economy