Washington Times reports: WebMD pockets millions in taxpayer dollars to promote Obamacare (Stock up big today)

Another fantastic 1 year run for another healthcare company in the lead up to Obamacare. But check out the price spike today. I guessing people are piling in because they now think Web MD is a "protected" company.
Another fantastic 1 year run for another healthcare company in the lead up to Obamacare. And check out the price move for today. I guess someone likes that WebMD and the administration have such a close relationship.

Over $4 million actually, and it wasn’t disclosed to the public. (Not that it had to disclose it to the public.)

Kathleen Sebelius recently praised the website without mentioning that the portal was also a paid federal contractor shilling for the administration.

An aside. We recently did an article on the spectacular performance of health insurance stocks in the run up to the Obamacare launch. It occurred to me last night that a good barometer of whether the ACA is on its final spiral down will be if at some point the health insurer stocks take a big collective tumble without the rest of the market in distress. Since Obamacare is a subsidy machine for these companies this would be a good indicator of a political storm on the way.

Right now the health insurers are cruising right along however.

(From The Washington Times)

The contract documents, reviewed by The Washington Times, reward WebMD handsomely. For instance, the fee schedule offers dozens of products, including:

• As much as $126,826 for a single 5,000-word review article on scientific advances in a clinical topic.

• Up to $68,916 for a four-minute video from an opinion specialist.

• More than $140,000 for an eight-question online quiz.

Click here for the article.

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