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Incredibly, bill to end health care insurers' anti-trust exemption gaining steam in Congress

Sometimes, in American politics/public policy, the unexpected occurs. A year ago, if you had said health care reform in 2009 would lead to the end of the health insurance industry's anti-trust exemption, you probably would have been classified as a candidate for 24-hour observation.

It still hasn't become law yet, but on Wednesday the above took one more step toward becoming reality as the U.S. House Judiciary Committee approved a bill that would curb the health insurance industry's limited exemption from antitrust law and would allow the U.S. Justice Department to enforce laws relating to price fixing and market allocation, The New York Times reported. The committee voted 20-9 in favor of the measure, with three Republicans joining 17 Democrats.

Continue reading Incredibly, bill to end health care insurers' anti-trust exemption gaining steam in Congress

Closing Bell: Bears win, but cubs eat baby bulls

The day may have closed down in negative territory for stocks, but even watching it all day didn't give one any major feel for the market's direction into the close. Today's PCE Inflation index came in at +4.1%, although traders have discounted this data as energy prices and even some food prices have started coming down from the May to June highs. Oil put in a serious drop to briefly under $120 and now traders are calling for lower levels rather than higher. You could throw up literally 5 issues affecting oil prices, but you might as well call it "air out of the bubble" rather than anything.

Here are today's unofficial closing bell levels:
DJIA 11,283.74 (-42.58)
S&P500 1,249.01 (-11.30)
NASDAQ 2,285.17 (-25.79)
10YR T-NOTE 3.9720% (+0.024%)
52-WEEK LOWS
TOP ANALYST UPGRADES
TOP ANALYST DOWNGRADES

Humana Inc. (NYSE: HUM) sent most health insurers higher after it posted $1.24 EPS versus a prior guidance of $1.15 to $1.20 EPS and above $1.18 estimates. Shares were up over 5% to $47.00 in today's final minutes.

Continue reading Closing Bell: Bears win, but cubs eat baby bulls

Symbol Lookup
IndexesChangePrice
DJIA+73.0010,270.47
NASDAQ+18.862,167.88
S&P 500+6.241,093.48

Last updated: November 14, 2009: 11:53 AM

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