This can get hairier. The insures are expecting markets as usual. There is a real risk that equities fall to -1 to -2 st deviations below the long term trend line.
Y’all saw what happened with Brexit. The banks went to Frankfurt. UK went to industrialization and demand side econ. Germany is deindustrializing and become a financial power. The US is also seeing a major factory buildout. Where are the financials heading? For now taxes will stay low for them. But not for the long run.
Things are bad enough as is.
We talk about how the government is being ripped off by MA products. But the consumer is also committing a rip off. Ringing up bills and defaulting. The MA products pick up their share of the bills but all around this is a failing recipe.
The article is on Aetna’s MA problems.
https://www.fiercehealthcare.com/payers/cvs-lowers-2024-guidance-it-misses-profit-revenue-q1