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Showing posts with the label DealBook | DealB%K Today's Headlines - August 21

DealBook | DealB%K Today's Headlines - August 21, 2012 -: Investors in Health Care Seem to Bet on Incumbent

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Tuesday, August 21, 2012 TODAY'S TOP HEADLINES   TOP STORIES Investors in Health Care Seem to Bet on Incumbent Who is going to win the presidential election? You might want to ask Mark T. Bertolini, Andrew Ross Sorkin writes in the DealBook column. He just bet $5.7 billion on President Obama. Mr. Bertolini is the chief executive of Aetna, which on Monday agreed to acquire Coventry Health Care, a huge provider of Medicare and Medicaid programs. His $5.7 billion bet makes a lot of sense if you believe that the Affordable Care Act - otherwise known as Obamacare - will not be repealed. Mitt Romney has pledged to repeal the act "on my first day if elected," so any gamble that Obamacare stays intact could be fairly described as a wager that President Obama will remain in office. At a time when so many in the business community appear to be supporting Mr. Romney, it is telling that some businessmen and investors expect a different resu