MarketFoolery: 06.28.2012
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 28 June 2012
⏱️ 11 minutes
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Summary
Our analysts discuss the investing implications of the Supreme Court's decision to uphold the healthcare law.
Transcript
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| 0:00.0 | It's Thursday, June 28. |
| 0:04.0 | Welcome to Market Fullery. |
| 0:05.0 | I'm Chris Hill and joining me in studio today for Million Dollar Portfolio, Charlie Travers, |
| 0:09.0 | from Motley Fool's Special Ops, Mike Olson, |
| 0:11.0 | and for Motley Fool Inside Value, Uncle Joe Maker. |
| 0:14.2 | Gentlemen, happy Thursday. |
| 0:15.6 | Hey Chris. |
| 0:16.2 | Hello. |
| 0:17.2 | Only one thing. |
| 0:18.2 | Only one topic on the docket for today, and that is health care. |
| 0:22.3 | The Supreme Court upheld the health care reform law in a |
| 0:25.4 | five to four decision. Health insurance companies like United Health, Wellpoint, and Aetna, they all fell sharply right when the decision was announced. |
| 0:35.5 | Charlie, hospital stocks, on the other hand, up big. |
| 0:40.1 | What do you think? |
| 0:41.1 | I'm actually surprised that it came down like this and I think along with everyone else |
| 0:44.9 | that Chief Roberts, a conservative appointee, was the deciding vote on what is generally |
| 0:50.2 | regarded as President Obama's crowning moment from his first term. |
| 0:56.1 | And I think one of the more interesting parts of this was that it was not upheld quite in |
| 1:00.6 | its entirety. |
| 1:02.0 | The one restriction was about Congress and the Medicaid system. |
| 1:07.8 | What Chief Roberts wrote in his opinion was that Congress can offer money to states to expand Medicaid, but they can't |
| 1:15.1 | remove their existing funding and penalize them if they choose not to |
... |
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