Hat Tip Greg Dworkin DemFromCT
A while back it was reported that the insurance giant AETNA had made a deal to merge with a Medicare Medicaid concern.
Aetna, one of the biggest U.S. health insurers, claimed a bigger stake in the burgeoning market for government-funded coverage Monday when it announced plans to buy a leading provider of Medicaid and Medicare coverage for $5.7 billion.One does not simply gamble $5.7Billion if there was a chance of the ACA being repealed
The Hartford, Connecticut, company's proposed acquisition of insurer Coventry Health Care will bolster its Medicaid business a few months before millions of people are expected to become eligible for the state- and federally-funded program for the needy and disabled under President Barack Obama's massive health care overhaul.
It also will boost the company's portion of business from the federally-funded Medicare program, which covers seniors over age 65 and those who are disabled, at a time when interest in these plans is growing in part because the baby boomers are aging.
Now CNBC is reporting
Wall Street Prepares Clients for Obama Victory
As President Barack Obama widened his lead over Mitt Romney in polls this month, traders at hedge funds and investment firms began shooting emails to clients with a similar theme: It's time to start preparing for an Obama victory.
What many in the market worry about isn't that high earners may pay more in taxes if Obama is re-elected. It's gridlock in Washington come January, when more than $600 billion in spending cuts and tax hikes could kick in just as the country smacks into its borrowing limit again.
There is reason to expect a deal. If Obama wins, the Republican fight to make him a one-term president will be lost. With the elections over, there will be little reason or room for political posturing. House Republicans could finally decide to be more cooperative.
"They'll be faced with determining whether we get a recession or not," says Jeff Kleintop, chief market strategist at LPL Financial.