<html><head></head><body style="word-wrap: break-word; -webkit-nbsp-mode: space; -webkit-line-break: after-white-space; "><div><br></div><span class="Apple-style-span" style="color: rgb(20, 79, 174); -webkit-text-decorations-in-effect: underline; "><a href="http://www.bloomberg.com/news/2013-12-03/nobody-should-get-rich-off-obamacare.html?alcmpid=view">http://www.bloomberg.com/news/2013-12-03/nobody-should-get-rich-off-obamacare.html?alcmpid=view</a></span><div><font class="Apple-style-span" color="#144fae"><br></font></div><div><font class="Apple-style-span" color="#144fae"><span class="Apple-style-span" style="color: rgb(51, 51, 51); font-family: Arial, Helvetica, sans-serif; font-size: 14px; line-height: 14px; "><a href="http://www.bloomberg.com/blogs/view/the-ticker/" style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; 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margin-left: 0px; padding-top: 2px; padding-right: 0px; padding-bottom: 2px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; outline-width: 0px; outline-style: initial; outline-color: initial; font-size: 11px; vertical-align: baseline; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; color: rgb(111, 111, 111); font-family: Arial, Helvetica, sans-serif; line-height: 1.3em; ">Photographer: Andrew Harrer/Bloomberg</div></div><div id="disqus_title" style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; outline-width: 0px; outline-style: initial; 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">Nobody Should Get Rich Off Obamacare</h1></div><div class="bview_story_meta" style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; outline-width: 0px; outline-style: initial; outline-color: initial; font-size: 14px; vertical-align: baseline; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; background-position: initial initial; background-repeat: no-repeat no-repeat; "><cite class="byline" style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 3px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; 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"><span class="datestamp" bglocalize="true" bgdatestamp="mmm d, yyyy h:MM TT Z" epoch="1386088780000" style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; outline-width: 0px; outline-style: initial; outline-color: initial; font-size: 11px; vertical-align: baseline; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; display: inline; background-position: initial initial; background-repeat: initial initial; ">Dec 3, 2013 8:39 AM PT</span></cite></div></div><div id="story_content" class="clearfix" style="margin-top: 0px; margin-right: 0px; margin-bottom: 10px; margin-left: 0px; padding-top: 0px; padding-right: 10px; padding-bottom: 0px; padding-left: 0px; 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"><a href="http://www.bloomberg.com/news/2013-12-03/nobody-should-get-rich-off-obamacare.html#disqus_thread" class="comments" data-disqus-identifier="3c0aa3a03e6301315ac958d38561c600" title="Navigate to comments on this article" style="margin-top: 7px; margin-right: 0px; margin-bottom: 0px; margin-left: 7px; padding-top: 5px; padding-right: 0px; padding-bottom: 0px; padding-left: 15px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; outline-width: 0px; outline-style: initial; outline-color: initial; font-size: 11px; vertical-align: baseline; background-image: url(http://cdn.gotraffic.net/v/20131203_124415/images/b-sprite.png); background-attachment: scroll; background-origin: initial; background-clip: initial; background-color: rgb(238, 238, 238); color: rgb(102, 102, 102); text-decoration: none; display: block; background-position: 0px -4254px; background-repeat: no-repeat no-repeat; ">12 COMMENTS</a></span></li><li class="email right icon" style="margin-top: 0px; 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margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; outline-width: 0px; outline-style: initial; outline-color: initial; font-size: 11px; vertical-align: baseline; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; float: right; width: 10px; background-position: initial initial; background-repeat: no-repeat no-repeat; "><a href="http://www.bloomberg.com/news/2013-12-03/nobody-should-get-rich-off-obamacare.html" class="q" data-id="3c0aa3a03e6301315ac958d38561c600" data-type="Story" style="margin-top: 12px; margin-right: 0px; margin-bottom: 0px; margin-left: 7px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; 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vertical-align: baseline; background-image: url(http://cdn.gotraffic.net/q/v/20131122_111803/stylesheets/q/q_sprite.png); background-attachment: scroll; background-origin: initial; background-clip: initial; background-color: transparent; text-align: left; text-indent: -999em; overflow-x: hidden; overflow-y: hidden; display: inline-block; width: 10px; height: 9px; cursor: pointer; opacity: 1; background-position: -2px -108px; background-repeat: no-repeat no-repeat; ">Q</div></div></li></ul></div><div id="story_display" style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; outline-width: 0px; outline-style: initial; outline-color: initial; font-size: 14px; vertical-align: baseline; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; width: 610px; background-position: initial initial; background-repeat: no-repeat no-repeat; "><div style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 10px; padding-right: 0px; padding-bottom: 10px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; outline-width: 0px; outline-style: initial; outline-color: initial; font-size: 15px; vertical-align: baseline; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; font-family: Arial; font-weight: normal; line-height: 1.6em; ">For an industry that's supposed to be burdened by the launch of Obamacare, the health-care business is doing pretty well. Stocks of health-care companies are up almost <a href="http://www.bloomberg.com/quote/XLV:US" rel="external" style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; outline-width: 0px; outline-style: initial; outline-color: initial; font-size: 15px; vertical-align: baseline; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; color: rgb(0, 102, 204); text-decoration: none; background-position: initial initial; background-repeat: no-repeat no-repeat; ">40 percent</a> this year, the strongest performance of any sector in the S&P 500.</div><div style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 10px; padding-right: 0px; padding-bottom: 10px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; outline-width: 0px; outline-style: initial; outline-color: initial; font-size: 15px; vertical-align: baseline; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; font-family: Arial; font-weight: normal; line-height: 1.6em; ">This is despite, for insurers, new regulations on the "medical loss ratio" which require them to spend at least 80 percent of premiums on health care -- in practice, capping their profits and administrative expenses such as advertising at 20 percent. How about the medical-technology manufacturers that were slapped with an excise tax? Doing just fine. The<a href="http://www.bloomberg.com/news/2013-10-10/enrolling-in-the-ultimate-obamacare-etf-.html" rel="external" style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; outline-width: 0px; outline-style: initial; outline-color: initial; font-size: 15px; vertical-align: baseline; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; color: rgb(0, 102, 204); text-decoration: none; background-position: initial initial; background-repeat: no-repeat no-repeat; "> hospital chains</a> that face lower reimbursement rates from Medicare patients? They're doing well, too.</div><div style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 10px; padding-right: 0px; padding-bottom: 10px; padding-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; outline-width: 0px; outline-style: initial; outline-color: initial; font-size: 15px; vertical-align: baseline; background-image: initial; background-attachment: initial; background-origin: initial; background-clip: initial; background-color: transparent; font-family: Arial; font-weight: normal; line-height: 1.6em; ">Health care is a business, and businesses are supposed to make money. Still, it's a bit.... </div></div></div></div></div></span></font>
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