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On health care off Johns balance audience -- -- -- -- -- ideas on possible impact John thanks for being with let's start with four big thank you jurors okay Aetna UnitedHealth WellPoint and Coventry health.
If the Supreme Court comes out and says we're gonna vanquish the personal mandate we're gonna throughout -- -- what happens those four big insurers John.
Coalition rally on the fact that the minimum loss -- crime will be shot down from the -- so.
They'll have a little bit more certainty we're expecting five to 10% rally and those stocks if the mandate -- struck down.
As well as it's ever believe there is no several buildings clause so they're not going to be able to we don't think.
Uphold the rest of the bill the the -- the Obama -- so I think that basically the Supreme Court right now is probably the only one who's actually gone through -- red.
Every page of between 500 pages they have staff to do it.
I don't think any member congress has done that.
It's it's a hard read for anybody else so I think the delay is a little bit beneficial for those of us who were looking for both sides of the mandate to be struck down actually the mandate as well as the rest of the bill so racist -- it's going to be hard for them to strike down a mandate and then just pick and choose -- what they want and buy some -- -- -- -- -- -- But -- I -- regardless of those forbid insurers do they go down if the Supreme Court upholds obamacare.
Yeah I think I think obviously there's they've been bid up a little bit prior to in trade odds a semi 5% that is gonna pass of those stocks have been -- up right now so I think -- -- obviously does -- which we doubt it will those stocks will be sold off yes.
Read it in trade is actually said he 5% betting that it gets struck down right just making sure we got that would mandate get struck down yes -- yes let's talk the three big pharma stocks you mentioned to us Merck Pfizer J&J what happens -- the Supreme Court come out against Obama care to those three -- Yeah.
Well I we think that the big pharma is kind of immune both ways there benefits.
Sued the big pharma companies if it is struck down a war -- passes so.
Big pharma we think along -- biotechnology is coming insulated in terms of the decision because obviously there's going to be a lot of money that's gonna have to go to those.
Those research and development either way so.
Going forward we think that the big pharma is a win win on either side of the coin whether mandate is upheld -- struck OK and lastly John just more broadly for the entire stock market do you think it other non health -- stocks could benefit if Supreme Court throws this out because businesses will feel better.
We think that this is the first step going into the elections in November of some type -- clarity so we're hoping that the Supreme Court does give us clarity in terms of cost going forward for some companies.
Who've held off hiring until they know what their cost are incrementally for each employee hired so -- a big.
Cloud and we've talked about clarity before so.
If the Supreme Court comes out -- you know what we need a better bill we're gonna strike down the whole thing let's get back to square one summer of things are good but someone more obviously not that's gonna give clarity to the employment picture as well.
All right sausages today thank you very much -- balance -- -- of the GFI group -- being here.
Interesting point that he made about pharma big pharma -- on the hills the lobbying issues were talking earlier while a busy day for the Supreme Court.
More on what to expect.