[Occupymendocino] Nobody should get rich off Obamacare

[Richard Karch]

http://www.bloomberg.com/news/2013-12-03/nobody-should-get-rich-off-obamacare.html?alcmpid=view

The Ticker

Photographer: Andrew Harrer/Bloomberg
Nobody Should Get Rich Off Obamacare
By Evan Soltas Dec 3, 2013 8:39 AM PT
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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 40 percent this year, the strongest performance of any sector in the S&P 500.
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 hospital chains that face lower reimbursement rates from Medicare patients? They're doing well, too.
Health care is a business, and businesses are supposed to make money. Still, it's a bit.... 

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