Quote:
Originally Posted by patman
...and looking at the S&P healthcare index...it's up nearly 37% since the beginning of this year. Your rate increase has nothing to do with costs or being "forced" to cover more people, it has nothing to do with politics, it's got everything to do with plain old corporate greed.
http://us.spindices.com/indices/equi...th-care-sector |
Have you noticed what the overall stock-market is doing? Plus 30% give or take. The S&P healthcare index is up sharply because of the overall rise in the stock market in combination with the fact that it provides an attractive dividend yield and investors are willing to pay more for dividend yielding stocks in a zero percent interest rate world. I would also note that corporate earnings are up just 3% this year. Thus, the majority of the gain in the S&P 500 and the healthcare index is being driven by multiple expansion not profit expansion.