NEW ORLEANS (Reuters) - U.S. President Barack Obama said on Thursday that the drop in the health insurance stocks this week was a sign the industry has become nervous that a healthcare reform bill may pass.
“This is when the insurance companies are really going to start gearing up,” Obama told a town-hall event in New Orleans. “Their stock went down when the Senate Finance Committee voted out that bill. Now they’re getting nervous and, by they way, they have been wildly profitable over the last decade.”
Editing by Sandra Maler