This is a rump diary.
I will post an update after the markets open.
At the moment, the proposals as passed on the Hill appears to be a huge win Conservadems and the Insurance Industry, a moderate win for the GOP, and a loss for Progressives.
The insurance company's get 30-40million new customers who will be forced to buy junk insurance.
The Fed will create a huge subsidy to pay to private insurance companies for many of these junk policies.
The GOP gets a huge issues for re-election.
Progressives get. Crickets? Pie?
The Validation of how this will go can be followed pretty easily.
The stock price of United Health Care is the leading indicator.
UHC has seen it's stock price steadily rising. Wall Street Analysts view the action in Washington by who will profit. They think UHC will profit big from giant influx of new customers and government subsidy.
If the price of UHC on the market today will be interesting to watch.
UPDATED:
United Health up 2.5% and business press notes it in release that Obama's speech boosts Health Insurance Company chances of massive windfall.
Press Release on Happy Happy Insurance Firms