According to Forbes, the HMO business and stocks are sick. Also, we still have President Bush stating he’s still going to veto the Medicare bill that was passed this week, why? The bill is veto-proof, so what’s the point?
Let’s just make this difficult situation a little more complicated and stall a bit longer. The White House didn’t come up with a plan, and they state they are unhappy about the funding from Congress, so what gives? Things are getting sicker and sicker. BD
What's more, with a heavy bout of selling taking hold of the market July 11, the HMO has tagged a new multi-year low by breaking below long-term psychological support at the 1,200 level.