The Financing of Medicare: Medicare Advantage
President Obama’s announcements regarding his budget plans and goals for health care reform over the next several years upended existing norms and attitudes towards the long term role of the health insurance industry in the United States.
Although Obama’s budget plan for fiscal year 2010 won’t go into effect until October 1st of this year, its stated cutbacks and other changes are already having an effect on the stock market. According to the Wall Street Journal’s health blog, health insurers’ stocks are being devalued today, with Humana, United and Coventry seeing the biggest losses.