Wednesday, July 29, 2009

Coming through for the real boss

Max Baucus is going to get an extra bump in his campaign sock:

Shares of U.S. health insurers rose broadly on Tuesday on hopes a health reform bill would not include a government-run option, which has drawn strong opposition from insurers who fear it would destroy the private marketplace.


Teddy Partridge sums it up pretty well:

Health insurance executives who have poured money into the campaign coffers of Blue Dogs, Max Baucus, Chuck Grassley, Kent Conrad, Joe Lieberman and Susan Collins (as well as their political action committees) likely made all their money back in the one day rise in stock prices. The companies themselves, which hold huge amounts of their own stock, surely recouped all of their PAC investments on Tuesday alone.

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