Watchhttp://buzz.money.cnn.com/2012/08/15/hedge-funds-obamacare/?iid=HP_LN
Here's the real face of Obamacare, another financial ponzi scam on the sucker American middle class that will have a gun held to their head and forced to feed the Hedge funds so the HF Managers can embezzle billions, then get a slap on the wrist.
Hedge fund manager Dan Loeb, once a supporter of President Obama, is now a critic. But he appears to think the president's health care plan will be a boon for health insurers. And he's not alone.
Loeb and noted short seller David Einhorn accumulated new positions in multiple health insurance stocks at some point in the second quarter, according to SEC filings released Tuesday.
Both Loeb's Third Point Capital and Einhorn's Greenlight Capital acquired stakes in Aetna (AET), Cigna (CI), Humana (HUM) and UnitedHealth Group (UNH).
While Loeb called the Obama administration "hostile to most businesses and unable to articulate or implement policies to spark growth or reduce unemployment" in a recent letter to investors, he did not discuss his rationale for investing in health care stocks.
Shares of leading insurance firms have been mixed this year, despite the Supreme Court's decision to uphold the health care reform bill Obama signed into law in 2010.
Both Cigna and UnitedHealth Group have modest returns of 4% this year, while Humana and Aetna have clocked double digit losses in 2012.
Woo Hoo party!