Market Bets that ObamaCare Won’t Cut Costs

According to Don Johnson of The Health Care Blog:
Speculators seem to be betting that a watered down health insurance reform bill won#8217;t hurt health insurers, hospitals, drug makers or medical device and supply manufacturers.
Stocks for almost all of these health sectors and for exchange trade funds that track health stock indexes turned higher last week.
In other words, those with real money at stake don#8217;t believe that health reform will hurt the firms that make a living off of America#8217;s highly inefficient health sector #8212; President Obama#8217;s assurances notwithstanding.
Johnson provides seven possible explanations for this development, including:
3. If the very liberal Coastal Democrats who lead Congress and most of the five committees drafting health insurance l…