Regional news:
Wall Street crisis could put threat of major health insurance changes on hold
September 25, 2008 :: Posted by Tony Ondrusek, Publisher
Filed under: Tools of the Trade.
Tony Ondrusek, PublisherThe news might be bleak for Wall Street, but news of a proposed $700 billion bailout of the nation’s financial system might give health insurers a break.
A recent Bloomberg News article published in the Salt Lake Tribune posits the notion that taking a gigantic chunk of money from the fed budget to salvage the financial markets from their losses due to the mortgage crisis, will leave little for proposed changes in the nation’s health care system, which, depending on how one views it, could be good news for some large health insurance carriers.
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