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Want to -- on obamacare now.
The health industry is beginning to react WellPoint is buying up Amerigroup for four point nine billion dollars at the big Elizabeth MacDonald is here.
Some reaction to this bill now this is really all in reaction to obamacare.
Yet the first biggest deal since the scotus ruling upholding health reforms mandate it's nearly.
Five billion dollars and you know what's going on here is seventeen million people who were the uninsured.
Are expected to come and to Medicaid WellPoint.
Is buying Amerigroup and WellPoint is already out there saying that essentially.
We're going to be one of the biggest if not the biggest and Medicaid and Medicare servicing the -- -- in nineteen different states Charles.
So the lay of the -- going forward is are ready Moody's is saying.
More consolidation the -- institutions -- -- more consolidation.
Seeking to see the little guys starting to look for merger deals are ready Rick that ended in that cross hairs for targets is Coventry Health Care Centene.
We're also seeing -- -- Aetna Cigna -- -- may be talking about deal.
You know it probably makes sense to guys because these smaller -- I don't know would like Texas and we're opting out some other states of parties that were opting out I'm not sure how these smaller names.
Can be of the handled the nuances of all of this because I gotta tell you it's it's a little bit confusing.
The end of what -- in S sector to watch -- the hospital sector because they're gonna need leverage to be able to lobby.
Not only the government also deal with.
The bigger insurers -- going to be managing.
All these government program saying seeing for example cerberus which is a big flare of course had a piece of Chrysler cerberus is now obviously helping to run.
This Steward health care and a chain possible -- in Boston also ascension is working with another PE firm.
Oak Hill ventures are affiliated -- with the Roman Catholic Church.
So you know -- point was that.
Biggest blue cross blue shield.
Basically player right and they've had fights with the US government over their health care coverage.
You know denying coverage now trying to raise rates in California so now they're going to be basically working very closely with the US government getting insurance coverage to.
You know the uninsured yet.
You can blame whoever you want but it and we don't have anymore clarity that we did before I bomb I don't want sort of scramble around and trying to figure out what to -- from here and you know -- even -- health -- CEOs on.
Other shows and ask them what you doing get a contingency plan now like well in.
I mean it's yeah it's just very hard to sort of sketch out what the future's gonna actually look like and -- -- have to continue to operate.
In the near term yet these players going to be -- -- -- but like utilities to keep the rates low right.
What this consolidation guys I mean this you know because all of this really was that there is a two -- I guess goal.
To insure the uninsured but also to bend the cost -- you know that it.
I mean obviously it's its bid but it's with the bidding -- -- actually we have a more specific about which payment holiday is that.
That trend got to wonder video of this that this consolidation will help or hurt that that there but it -- the -- and -- -- now.
The scotus decisions are in the room have some particularly off than any activity absolutely thanks and by the way last week you were spent at all thank you -- you'll those tough assignments -- luxury of them think at every single a -- -- elevators are allowed regulator -- well.
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