I pointed out to each friend that the President originally wanted a single-payer healthcare system but was forced to settle for “Romneycare.” Each of them just nodded in agreement and warned me that the process of getting from an unacceptable healthcare system, where 30-40 million people received minimal healthcare, to a real healthcare system — requires a painful detour through Obamacare. I jokingly asked if we were going through Purgatory in route to Heaven. Neither thought that was funny!
If that is the case, what is the time horizon? What does that suggest for the stock of health insurance companies? For other medical related companies? For medical research?
And, how does either political party benefit from this?