SOURCE: Paragon Financial Limited
NEW YORK, NY--(Marketwire - Jul 2, 2012) - Shares of major health insurers took a hit last week after the Supreme Court surprisingly upheld the Affordable Care Act, also known as "Obamacare," in a 5-4 vote last Thursday. Obamacare will be the first major overhaul of America's health-care system since the 1960s. The Paragon Report examines investing opportunities in the Health Care Plans Industry and provides equity research on Aetna Inc. (NYSE: AET) and UnitedHealth Group Inc. (NYSE: UNH).
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Under Obamacare every American will have to acquire health insurance by 2014 or be subjected to a tax. For those who can't afford health insurance they will be offered subsidies or Medicaid. It was estimated that in 2009 nearly 50 million Americans were without Health Insurance according to data from the Census Bureau. Stifel Nicolaus & Co analyst Thomas Carroll stated that the Obamacare decision was "bearish" for major health care insurers as companies will begin to see "additional people coming through a more regulated channel, thus driving lower margins."
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Aetna is one of the nation's leading diversified health care benefits companies, serving approximately 36.1 million people. "Today's Supreme Court decision does not change our business strategy or commitment to system reforms that make quality care more affordable and accessible. We are prepared for the changes ahead and will continue to fully comply with the requirements of the Affordable Care Act," the company said in a statement.
"Health care modernization did not begin and must not end with the enactment of the Patient Protection and Affordable Care Act. UnitedHealth Group strongly supports making high-quality health care accessible and affordable for everyone. Now is the time to apply proven ideas and best practices to build a better health care system," UnitedHealth Group said in a recent statement regarding Patient Protection and Affordable Care Act.
The Paragon Report has not been compensated by any of the above-mentioned publicly traded companies. Paragon Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at: