Aug. 15 at 5:37 PM
$UNH $ELV $HUM $CI
Apparently today's chasers do not realize that Berkshire's buys were made prior to the June 30 cutoff for the current 13F... see the chart, but their basis is likely up say
$100/share from last night's close, and predate the gov'ts. latest Medicare fraund allegations. Do some thinking folks.
otoh, these insurers have asked for a 26% increase for next year to make up for the benefit costs far exceeding reimbursement and losing big revenue components as the country belatedly gets going on shutting down ridiculous subsidies for illegal immigrants and deportation (both of which delete crazy govt funding paid for by Americans) gathers momentum.
In sum, today's short covering is likely to prove short-lived as none of the structural and litigation issues facing these big healthcare insurers will be resolved anytime soon. New longs need to do some study:
