So a short while ago the Democrats pushed through their health care reform package through.
Good or bad news ?
Well, it seems that the share prices of health care companies went up at the news. Now this could be a glitch or perhaps the market investors know something we do not. Does this indicate that the reforms are still going to allow companies to make excessive profits – or even that their profits will grow ?
Of course for the uninsured in the US, this will at least mean they get some form of decent health care which is definitely good news.
But if the US does not take any action on the costs of their health care system, they will sooner or later be faced with a bill they cannot pay. The US currently spends twice the amount in terms of GDP per capita that their competitors do. And I doubt that the reform bill is going to make a bit of difference to the cost of health care.