Relevant:
- The Counter-Spin on Hysterical News of "Finland Government Collapses Due To Universal Healthcare"
- Health care industry beginning to collapse
- Hospital stays top $1,200 out-of-pocket even with insurance, U-M study finds
- Hospitals Fear Competitive Threat From Potential Walmart-Humana Deal
- Why the middle class can't afford life in America anymore
2008-06-19 — cnbc.com
After the close today, Coventry Health Care slashed its Q2 and full-year earnings guidance due to increasing cost pressures. Coventry’s stock was halted after hours before starting again. Meanwhile, other healthcare stocks are trading sharply lower in after hours trading following the news.
Add inflation to the destructive duo of factors that will flat-line the health care sector, along with rising delinquencies/free services charge-offs. Stocks in the whole sector have collapsed. This author saw this coming as long as two years ago.
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