The Supreme court’s ruling on Obama’s health care plan will be announced this Thursday, reports Reuters. The ruling can have a direct effect on millions of uninsured Americans, as well as insurance, pharmaceutical, and companies with certain number of employees and the stock market as a whole.
Depending on how the ruling will go, the direction of the stock market will be determined for certain stocks and mutual funds. But the ruling may not be as straight forward as a yes it is constitutional or no it is not. The ruling can reject it fully, or partially with or without the mandate.
Each of these rulings can have their own consequences and will not be as a black and white defeat or victory for those involved. For example a mandated ruling may actually bring down the cost of insurance and move some individuals from company insurance to a public one where the cost is lower for them and reduce the cost for the company significantly. On the other hand provisions in the bill for some companies of certain size may cause an increase in their cost and force them to cut back from hiring new employees. Or a lowering of the profits for some pharmaceutical, due to lowering of prescription prices, may get offset by an increase in the number of the drugs being sold.
But the one thing all should agree on is that uncertainty is nobody’s friend. A final ruling will allow everyone to jockey into an appropriate position and even if such ruling cause a big jolt in the market, the rule of one’s loss is another person’s gain will eventually balance the game. What will have even a greater effect on the stock markets this week than the Supreme court ruling will be the 18th uneventful European summit on bailouts, Cyprus being the latest and fifth European country to ask for a bail out as of this morning.
The deliberate confusing jargon the U.S.is always laying on it’s most vulnerable people should not even exist. The country hasn’t changed and the poor as usual will suffer the most with healthcare and everything else the great country has laid before us. The middle class will always pay the most taxes, the rich will pay the least, and that is the end of it. The only thing that makes sense to me is Universal Health Care. This is the only western industrialized country that does not have Universal Health Care. Hillary Clinton, when her husband was in office proposed it. She was silenced and given another less important task. I knew that these big HMO’s-corporate industries with it’s billion dollar crooks running them would win. Which translates that if you have a lousy HMO you are going to get denied claims, and I speak from experience, and believe me they are getting even worse. How many people have died because of these evil companies? Kissinger and Nixon’s time in office was when these gastly money-making corporations started. If one has Medicare, consider yourself lucky. Because my health insurance, Medicaid and and HMO IS A SURE LOSER, ESPECIALLY IF YOU HAVE MANY LIFE THREATENING HEALTH CONDITIONS THAT ARE IGNORED, because doctors don’t want these HMO’s that pay them practically nothing. The psychopaths that run this country should be jailed.