Health-Care Sector Appears to Rally As Reform Chances Dim


No doubt, the loss of a Democratic Senator is not the kind of present President Obama wanted for his one-year anniversary. He would have preferred passage of his long-promised goal of health-care reform over this stunning defeat that puts any reform in jeopardy. Now that Republicans have gained filibuster power, can the Democrats still pull this one off? My colleague, Joe Lazzaro, thinks they might do it just yet. Investors, however, seem to have already started to bet against health-care reform. Already on Tuesday, the health-care and pharma sectors climbed higher, a trend that mostly continued on Wednesday.