GOLDMAN'S MEMO TO PRIVATE INSURERS: No Health Care Reform At All Is Best

[Are_grits_groceries]

A Goldman Sachs analysis of health care legislation has concluded that, as far as the bottom line for insurance companies is concerned, the best thing to do is nothing. A close second would be passing a watered-down version of the Senate Finance Committee's bill.

A study put together by Goldman in mid-October looks at the estimated stock performance of the private insurance industry under four variations of reform legislation. The study focused on the five biggest insurers whose shares are traded on Wall Street: Aetna, UnitedHealth, WellPoint, CIGNA and Humana.
<snip>
What the firm sees as the best path forward for the private insurance industry's bottom line is, to be blunt, inaction.

The study's authors advise that if no reform is passed, earnings per share would grow an estimated ten percent from 2010 through 2019, and the value of the stock would rise an estimated 59 percent during that time period.
http://www.huffingtonpost.com/2009/11/12/goldman-to-private-insure_n_355998.html

And their CEO LLoyd Blankfein said he was doing 'God's work.' Meh!

[AllentownJake]

1. Goldman Sachs really is starting to have a PR problem

[PuraVidaDreamin]

2. Sounds like Lloyd Blanfein is connected to "The Family"

somehow....
hmmm....

[geek tragedy]

3. Goldman is stating the obvious.

Or, rather, what should be obvious. The insurance companies have tried to delay and destroy reform efforts for decades, with great success. Let this be the year they lose.

[fasttense]

4. God's work? More likely the devil's work.

Killing off millions of people (due to lack of affordable medical services) that could have been saved if they only had lots and lots of money.
Forcing families into bankruptcy to pay for overpriced and frequently spotty health care services.

Forcing Americans to make a choice of either spending every last dime they have to live in abject poverty the rest of their lives, or simply die a slow and agonizing death. Sounds like the Devil's working through Goldman Sachs.

[Octafish]

5. Who's running America?

It's certainly not the government of We the People.

[chimpymustgo]

6. I think you know.

:cry: