President Obama portrayed his health-care law as a broadside to the insurance industry, but that’s not the way Wall Street apparently sees it. USA Today reports:
From Wall Street, the decision’s potential impact on health care — and the health care business — looks huge. Barclays Capital analyst Joshua Raskin says some health insurance stocks might drop 30% if the court throws out the entire law.
A reminder: Blue Cross/Blue Shield of Massachusetts filed a brief at the Supreme Court siding with the administration.