While the Affordable Care Act (Obama Care) has provided health insurance for many who could otherwise not afford it, the net result for health stocks and insurance companies has not been good. How bad is Obama care for the companies involved? Reuters just announced that health stocks helped pull the market lower.
U.S. stocks started the fourth quarter on a weak note as healthcare stocks fell and Deutsche Bank’s travails weighed on financials.
Merck and Johnson & Johnson both fell on the day. But a better measure of how bad Obama care is for health stocks are the number of health insurers […]