Obamacare is so fucked up.. even the Dems on the PC has stopped defending it.
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Obamacare is so fucked up.. even the Dems on the PC has stopped defending it.
Alternately Republican circle jerks aren't compelling.
This is interesting. An investment firm, backed by Goldman Sachs, put together vehicles that allow people to bet conceptually. “We take ideas and translate them to what we call a ‘motif’—an intelligently weighted basket of up to 30 stocks, built around an idea that people can understand.” Examples of these baskets include Chinese solar, 3D printing, and “caffeine fix”—an assortment of coffee, soda, and energy drink companies.
They have one that is composed of companies that will benefit from ACA and one composed of companies that will benefit from ACA repeal. The Obamacare fund has a 46.9% return, the Repeal Obamacare one is 13.8%. What's even more telling is that the investors are betting heavily on ACA remaining law.
http://www.businessweek.com/articles...a-will-succeedQuote:
What’s most striking isn’t the performance of the two funds, but where investors are choosing to place their money. “We don’t have convictions or views on the law itself,” says Walia. “We give you both sides of the equation.” But one is clearly more popular: He says Motif investors have bet 45 times more money on Obamacare’s success than on its failure.
This trend reflects the beliefs of the investment community, where—unlike in Washington—the permanence of the health-care law is taken for granted and the prospect of repeal is given practically no credence. “Investors can’t imagine a scenario where the changes the Affordable Care Act started will be repealed and taken away,” says Bob Kocher, a partner specializing in health care and IT at the venture capital firm Venrock. “There’s a ton of money flowing into things that help health-care [companies] take advantage of the insurance market changes, the coverage expansion, the payment model changes, and the data liberation that are derivative of the law.”