The Trouble with Healthcare
We continue the conversation about the upcoming election…
“The establishment wing of the Democrats and also Republican ‘never Trumpers’ were shocked when an outsider like Trump won. Unfortunately — at least neoconservatives — co-opted him. Now Trump strains at the leash, so maybe next term we’ll have a Democrat.
“But they face the same dilemma with socialist Bernie.They fear he would destroy the party, but they REALLY fear he won’t obey.”
One of Bernie’s campaign promises is “Medicare for All;” our next reader is not alone in his healthcare dilemma…
“It’s ridiculous Americans don’t have affordable healthcare as all non-third world countries have. I spent over $6,000 on medical insurance in 28 months.
“After a sonogram and a stress test, I couldn’t afford the final deductible for the results of the blood test which would determine if I had a heart attack. I still don’t know.
“I canceled my insurance since I couldn’t afford all the deductibles. I WASTED $6,000!”
We wish our reader all the best, and — we agree — something’s gotta give when it comes to the healthcare system. As a reader, how would you fix it?
Your Rundown for Friday, Mar. 13, 2020
Friday the 13th
What to say after this abysmal week?
The coronavirus is a tectonic event, sending shockwaves around the world and through the U.S. market. So today, we take a moment to get our bearings.
On Thursday, the Dow endured its biggest point drop in history along with the biggest percentage loss since Black Monday in 1987.
Joining the Dow in its 20% correction, the S&P 500 Index dropped 9.5% — its worst day in over 30 years.
But here’s a thought: Is it too soon to call a permanent bear market? We think it is. The market selloff was spurred primarily by investor sentiment — coronavirus nerves — that changes day to day. And, yes, we think stocks were overvalued… but not that overvalued. We expect a bounce.
Which is happening now.
The Dow’s ripped up 800 points at the time of writing. The S&P 500 and tech-heavy Nasdaq are following suit.
To be fair, a recession is likely right around the corner; in that case, talk to your financial planner about how to best hedge your portfolio. Know your risk tolerance, but don’t entirely abandon the stock market.
It’s rebounded from recession 100% of the time.
Market Rundown for Friday, Mar. 13, 2020
S&P 500 futures are up 100 points to 2,580.
Oil’s up 3% to $32.46 for a barrel of WTI.
Gold is down $8.00 per ounce to $1,582.30.
Bitcoin is up $720 to $5,752.21.
Take a deep breath… We’ll circle back Monday.
For the Rundown,