Dean, Scarborough claim health insurance stocks hit 52-YEAR high. Really?
Numbers can be tricky. And when trying to make political points in Washington, they probably should be checked twice (like Santa’s list of naughty and nice).
So when Howard Dean, an influential liberal Democrat, and Joe Scarborough, a conservative Republican commentator, both used the SAME figure to make the SAME point that the Senate healthcare bill would mainly help insurance companies, it caught our attention.
First came Dean on NBC’s “Meet The Press,” saying: “In this last week of unseemly scrambling for votes, we have committed to go down a path in this country where private insurance will be the way that we achieve universal health care.”
He went on: “It is not a coincidence … that insurance company stocks, health insurance company stocks, hit a 52-year high on Friday. So they must know something that the rest of us don’t.”
Yes that was a 52-YEAR high in that comment.
Then Joe Scarborough decided to repeat it, again on “Meet The Press.”
“And as Howard Dean said, and this is a devastating fact, insurance companies’ stocks reached a 52-year high on Friday after this so-called reform bill got its 60th vote,” Scarborough said. “So David Axelrod, who I, you know, love and respect, but David Axelrod kept saying, ‘We took on the insurance companies. This is real reform. They’re against it.’ Really? I don’t think so.”
Hmmmm… got me wondering, how did I miss hearing about the 52-YEAR high? Was it because of the snowstorm in Washington? So I did a little checking on health insurance company stocks.
And so the healthcare debate continues….
Photo credit: Reuters/Jonathan Ernst (snow blower clearing walkways at U.S. Capitol)