. . . er, duh!
Goldman To Private Insurers: No Health Care Reform at
All Is Best
The Senate Finance Committee bill, which Goldman's
analysts conclude is the version most likely to survive
the legislative process, is described as the "base"
scenario. Under that legislation (which did not include
a public plan) the earnings per share for the top five
insurers would grow an estimated five percent from 2010
through 2019. And yet, the "variance with current
valuation" -- essentially, what the value of the stock
is on the market -- is projected to drop four percent.