The Securities and Exchange Commission and the Justice Department are probing a spike in health-insurance stock trading this year that occurred after a Washington brokerage issued a bulletin predicting the outcome of a decision by the Centers for Medicare and Medicaid Services (CMS) to increase funding for the Medicare Advantage program, which is administered by private insurers.
They should...but Wall street will get away with it. The day after 0bamacare got signed, the big insurance companies’ stock jumped 4-5% that day. Incestuous relationship.
In the real world that’s called insider trading and those involved could face jail time, but in Obama’s world, that’s called capitalism with ObamaCare characteristics, just as long as you donate to Obama’s Organizing for Action PAC.