Healthcare Stocks SOAR After Joe Biden Condemns Medicare For All - YouTube

Channel: The Ring of Fire

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For most of this year, we have seen story after story come out showing us and telling
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us that stocks for healthcare companies, major pharmaceutical companies and hospital corporations
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have all been taking a nosedive during the Democratic primary.
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That is, of course, up until just a few weeks ago,
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because suddenly these health insurance stocks started skyrocketing once again.
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And whereas people were afraid to invest in these companies, suddenly something happened
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that came along and made them feel good about investing in healthcare, basically putting
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their money into companies that are ripping off American citizens.
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So what in the world good at have been that made people suddenly lose all their fears
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about insurance companies and big Pharma and hospital corporations?
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Well, according to CNBCs Jim Crazy Kramer, sorry, the crazy guy who hosts mad money,
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uh, that thing that came along and ease their fears was Joe Biden and Joe Biden surging
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to the top of the Democratic field after his announcement that he was running after it
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was official.
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Made people willing to invest in these stocks again and make a lot more money for the health
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care industry.
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Would she, why would Joe Biden do that?
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Well, it turns out, and Kramer verifies this.
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That is because Joe Biden doesn't support Medicare for all because Joe Biden's not gonna
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interrupt the health care system that we have in place today.
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Joe Biden likes that.
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Joe Biden, uh, through the affordable care act helped create it.
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So yeah, he's not going to upset it or blow it up because we're basically operating off
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the system that was put in place by the administration that he was a part of.
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He served as vice president for eight years to Barack Obama.
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The affordable care act is basically the only thing that's left over from that administration
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that Trump hasn't killed yet.
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So of course, Joe Biden's not gonna push for a medicare for all.
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They only got one accomplished from a complement remaining.
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And that's what he wants to keep.
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And that's why these health insurance companies, big Pharma Hospital corporations, they are
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celebrating right now.
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The fact that Joe Biden is the front runner on the democratic side because they understand
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that if he wins the nomination, there is no chance that their profit party that they'd
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been having for over a decade is going to come to an end.
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In fact, they're pretty much guaranteed regardless of the outcome of the election on another
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four years of it, at least make no mistake.
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Big Pharma Hospital corporations and health insurance companies have been enjoying this
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massive profit party so that we've covered in the trial lawyer magazine since its inception.
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Yeah, and they don't ever want to come to an end and if they are out there celebrating
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a candidate, you can bet your life on the fact that that is not the candidate you need
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to be supporting right now.
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It blows my mind how anybody can look at Joe Biden and say, that's my guy.
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It blows my mind how a guy like Joe Biden, understanding public polling that shows majority
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of everyone supports Medicare for all can still say, nope, I don't support it.
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Like literally could be the issue that gets Republicans to come to our side and makes
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progressive's happy and this moron says, no, I'm not going to support that.
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And yet, in order to say that you have to be a more on at this point, you really do.
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I make no apologies for saying that, but that's what we're looking at here folks.
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Joe Biden is good for the healthcare industry and what's good for the healthcare industry
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is horrible for American consumers because as we have seen for far too long, when the
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health insurance industry is happy, it means they're screwing us over royally.