Watch Out for a Backlash on the Lieberman Maneuver
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A lot of health care investors a breathing a sigh of relief around the shape of the Senate bill. I think the idea that the public option and/or the prospect of bring health care age limits down 10 years has got a lot of people ticked off.
This has a lot of folks sounding the all clear signal safe in the knowledge that this bill has a short fuse on it, and nothings going to get done that really hurts investments in this space.
However, next year is another story. A budget reconciliation move that does not require 60 votes is quite viable. If the torch laden villagers start to get antsy the game can change in an instant.
In short, even if the very tame existing version of the health care reform bill passes, the game is't over.
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