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Wall Street bail out

How Do You Think Your Healthcare is Trading?

Posted by Donna Smith - S... on October 9, 2008 - 10:47am

By Donna Smith

CHICAGO – If you think the companies that collect your health insurance premiums and pay your health care claims have been insulated from the economic crisis, think again.  And if you think the health insurance industry that is suffering right alongside the financial services industry isn’t going to need a bail-out too, think yet again.  Only the bail-out we will give the health insurance industry will be much more insidious and potentially far more dangerous to us all.

I wanted to inform myself about the stock performance of the big boys in the for-profit health insurance market, and here’s what I found this morning on Business Week’s website:

Stock performance, over the past month:

Aetna --  down 25.03%

CIGNA – down 23.15 %

Humana – down 20.16%

Unitedhealth Group – down 27.95%

Wellpoint – down 20.59%

In fact, I couldn’t find one health insurance company traded on the stock exchange that looked very healthy right now. 

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