- UnitedHealth (UNH) up 1.4%.
- Aetna (AET) up 1.4%.
- Humana (HUM) up 2.2%.
- Cigna (CI) up 2.2%.
- Universal American (UAM) up 2.2%.
- WellPoint (WLP) up 3.0%.
NEW YORK ( TheStreet) -- The nation's health insurance companies have invested a lot in the Affordable Care Act. They have spent money setting rates they believe will be both competitive and profitable. Since they have done this in the absence of hard data on loss ratios -- it's hard to make estimates on marketplaces that don't exist -- they have taken on considerable risk. So if the ACA is such a bad deal, you'd assume traders would be selling these stocks as the health exchanges opened. You'd think the low prices being shown on most exchanges couldn't be sustained by experience, and that the insurers should be sold. That has not happened. On a day when the S&P 500 finished up 0.8%, here's how the biggest health insurers finished:
Meanwhile, our daughter is still looking for work, and her policy, on the exchange, will be $205 a month, or $2,460, when she turns 26. That is before any discounts owing to her employment state. In the pre-exchange market her coverage would have been unaffordable. She would have gone without. This is pretty much the way Stuart Butler of the Heritage Foundation drew it up in 1989, when the conservative think tank was looking for an alternative to the single-payer and employer-mandate plans being offered by Democrats at that time. The ideas were reflected in the "Health Equity and Access Reform Today Act" proposed in 1993 by 18 Republicans, including Bob Dole. according to Yahoo! Finance is on the calls. At the time of publication, Blankenhorn had no positions in companies mentioned. Follow @DanaBlankenhor This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.