Health care ruling: one day later, money floods in for both sides

9730e4e3dd4dc4c61511432f3f8fe88d

They say politics is war without bloodshed; one day after the Supreme Court’s healthcare ruling, the “war” consists of loads of financial support for both sides of the debate and loads of criticism.

Now that the Supreme Court has validated one of President Obama’s biggest legislative victories, Romney’s campaign is kicking into overdrive. Immediately after the ruling, the Republican nominee began collecting a turbulent reel of donations that have now amounted to over $4.6 million.

Of course, his campaign’s announcement of these funds was met with snarky rhetoric from the Obama administration.

“It’s perverse that Mitt Romney won’t share details about what he’d do for the millions he’d leave uninsured or at the whims of insurance companies when he ‘kills Obamacare dead,’ but he’ll share the hourly details of his fundraising after the Supreme Court ruling,” campaign spokesman Ben LaBolt said in a statement.

LaBolt went on to say, “We’ve outraised the Romney campaign in that time period, but that’s not the point.”

Romney maintains that a nationally mandated healthcare law is detrimental to American prosperity. He says that, by adding to the national debt, it would in fact worsen the very problem it aims to solve.

Meanwhile, political campaigns aren’t the only entities profiting off of the court’s decision.

Hospital stocks rose sharply after the ruling — a result of the millions of additional medical patients they have received as a result of the law. More patients, more customers, more profits.

Insurance companies, on the other hand, are not profiting from the situation because, as chief derivatives strategist for TD Ameritrade JJ Kinahan told the Associated Press, insurers “have to be less selective of their clients, which is bad for them.”

Speculation aside, as dollar signs flash across the eyes of individual industries and organizations, the U.S. can only wait to see how the healthcare ruling will affect the American financial system as a whole. 



News
Entertainment
Sports
Lifestyle
News

Turkey: Voting begins in country's first direct presidential…

Some 53 million people are able to vote in the election, including 2.8 million citizens abroad. Until now, Turkish presidents were elected by parliament.

News

Libya seeks ceasefire as south Tripoli a militia…

By Patrick Markey and Aziz El YaakoubiTRIPOLI (Reuters) - Black plumes of smoke marked shell blasts and bulldozed earthen barricades mapped out the frontlines around…

Breaking: News

Russia mad about sanctions, says U.S. contributing to…

Russia reacted angrily on Saturday to additional sanctions imposed by the European Union over Moscow's role in the Ukraine crisis, saying they would hamper cooperation…

National

Mutant worms stay sober, even on alcohol

U.S. researchers have developed "mutant worms" that do not get drunk by alcohol, a breakthrough that could lead to new treatment for people trying to quit drinking

Movies

Review: Brett Ratner's big 'Hercules' movie is small…

The latest "Hercules," starring Dwayne Johnson as the half-god beefcake of Greek myth, strips its hero and tale of most of its fantastical elements.

Arts

Scientists recreate world's smallest Monet copy

Scientists have reproduced a famous Impressionist painting using nano-printing, to create what has been described as the world's smallest work of art. Reworked at the…

Television

Jerry Seinfeld is ambidextrous, and other Reddit AMA…

See some of the weirder highlights of Jerry Seinfeld's recent Reddit AMA.

Going Out

Grab a pedestrian and start dancing at What…

As a New Yorker, I’ve mastered the art of focusing my gaze straight ahead. Though it occasionally piques my interest, the absurdities that play out…

U.S. Soccer

Orlando City takes shot at NYCFC over Frank…

Orlando City reminded the world how big a signing Brazilian star Kaka earlier this month with a photo of Kaka mobbed by fans juxtaposed against Lampard.

NBA

Jeremy Lin says 'Linsanity' is over as he…

Jeremy Lin lit up the NBA two years ago with his play for the Knicks but he has no desire to recreate "Linsanity" in his new career with the Lakers.

NFL

2014 NFL Fantasy Football Top 100 overall player…

2014 NFL Fantasy Football Top 100 overall player rankings

U.S. Soccer

NYCFC announce signing of Frank Lampard

The tease of a big signing Thursday by new MLS side NYCFC ended up being one rumored for weeks. England midfielder Frank Lampard agreed to…

Tech

Forget Wi-Fi: Li-Fi could be the future

Li-Fi technology – developed by Mexican company Sisoft – is wireless internet connectivity using specialized LED light.

Tech

Weather app Climendo might be the most accurate…

The wait for a truly accurate weather forecast could finally be over thanks to a nifty new app called Climendo.

Tech

Napkin Table puts focus off the phone and…

Michael Jan, a design student at Tunghai University in Taiwan, has invented a serviette-picnic blanket hybrid called the Napkin Table.

Style

Essie's new Color Boutique

Essie launches high-tech kiosks at major airports and malls across the country.