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September 11, 2009

Insurance Stock Prices Rise After Obama Speech
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Share prices in the nation’s top insurance companies have grown since
President Obama’s nationally televised speech on healthcare reform.
During the address, Obama criticized insurers but also said he wants to
keep them in business. Obama also refused to insist on a
government-funded public option and backed a proposal that would force
Americans to carry health insurance, giving insurers millions of
potential new customers. On Thursday, shares in major insurance
companies, including United Health, Well Point and CIGNA, rose between
one to four percent. The investment research firm Sanford Bernstein says
it’s now “even more confident after the Obama speech that the
legislative outcomes will be moderate with no threat of a Medicare-like
public plan.”



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