Even though most of the people who need Obamacare have not yet taken advantage of it, other interests are poised to board the Obamacare money train. The Wall Street Journal’s Howard Gold is encouraging investment in the health care industry. A few snippets:
“This diverse sector, which includes red-hot biotechnology, Big Pharma, medical device makers, hospitals, health insurers, and other services, is profiting from structural shifts far beyond the changes brought in by the Affordable Care Act…In fact, health care stocks may have entered a new secular bull market, which is why you should take some profits on cyclicals and other market-sensitive stocks and reinvest the money into this group.”
“We’re clearly in a favorable environment,” said Andy Acker, manager of Janus Global Life Sciences fund since 2007. “I think this is a question of when this gets resolved, not if,” Acker said. “Millions of people will sign up for health care.”
In an earlier (March 2013) article from conservative moneynews.com, entitled “How Companies are Cashing in on Obamacare”, author Michael Kling wrote:
“Although its critics say Obamacare will increase business costs, some companies are cashing in on the healthcare reform law…CNNMoney reviewed six companies that might reap huge benefits from Obamacare.
Take, for instance, Health Recovery Solutions, a New York City-based start-up that helps hospitals avoid Medicare penalties for readmitting patients. To decrease preventable return visits by Medicare patients, Obamacare levies high cuts to Medicare reimbursements to hospitals that have a certain percentage of these return visits.
Health Recovery Solutions furnishes tablets full of educational videos and information patients can use to care for themselves. Using the tablet, patients send information, such as medications they are taking, to the hospital care team for review.
Eligible, another start-up, takes care of the complex wiring insurers need to quickly answer customer questions about coverage and eligibility, one of the many Obamacare requirements.
GoHealth offers an online tool that enables people to compare health care insurance plans. Consumers can use the platform to enroll in plans or just compare plans before contacting an insurance broker.
QuantiaMD offers a website where doctors can offer presentations, hold private discussions with each other and hold virtual consultations. Pharmaceutical and insurance companies and hospitals sponsor the content on the site.
Obamacare limits the proportion of premium revenue insurers can spend on salaries, overhead and marketing. That’s where Connecture comes in. The Brookfield, Wisc., company provides software that helps insurance companies cut costs through automation. It also helps states with technology needed to create insurance exchanges, another Obamacare requirement.
Another company getting involved with the state exchanges is hCentive, which has built a platform the exchanges can use.
Many of the companies saw their sales jump after the elections. Healthcare companies were not sure Obamacare would be enacted, and state officials were not sure they would still be required to create exchanges by this October…“Many states were waiting to decide to set up their own exchanges — they kept thinking maybe this wouldn’t happen,” Sanjay Singh, an hCentive partner, told CNNMoney.
“they kept thinking maybe this wouldn’t happen” No, they kept HOPING this wouldn’t happen. Because despite their hatred of all things Obama-related, despite all of the conservative hyperbole about “job-killing”, “bankrupting businesses”, “the end of freedom as we know it”, “it’s socialist Obama’s anti-capitalism agenda”, etc., ad nauseum; and despite the 40+ failed efforts by Congressional Republicans to kill Obamacare, every single one of those nay-sayers HAD to realize, deep down, that Obamacare is a boon to the private, capitalistic, for-profit healthcare “industry.” (spit!)
Okay, since you were all good enough to put up with the above drivel, here’s your justly-deserved palate-cleanser…
It’s that time of year again: the National Geographic Photo Contest is open, but only ’til the end of November. I know quite a few of our Critters and Zoosters who should submit a few entries! Here’s last year’s “Nature” category winner, photographed by Ashley Vincent:
Here’s two ways to view some or all of the current entries: The Atlantic picked 39 of the photos, and you can just scroll through them. Note that you can also switch from 1024 pixels to 1280 (I chose 1280.) Or you can go directly to the National Geographic 2013 Photo Contest webpage, where there are links to the photos entered to date, as well as links to 2012 winners and other photo galleries. Here’s one of the 2013 entries, by Sam Morris:
Photo Copyright Sam Morris, 2013 National Geographic Photo Contest entry
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